M&A Deal Summary

Union Pacific Acquires Progress Rail - Battery-Electric Locomotives

On January 28, 2022, Union Pacific acquired transportation company Progress Rail - Battery-Electric Locomotives from Progress Rail

Acquisition Highlights
  • This is Union Pacific’s 4th transaction in the Transportation sector.
  • This is Union Pacific’s 5th transaction in the United States.
  • This is Union Pacific’s 1st transaction in Alabama.

M&A Deal Summary
Date 2022-01-28
Target Progress Rail - Battery-Electric Locomotives
Sector Transportation
Buyer(s) Union Pacific
Sellers(s) Progress Rail
Deal Type Divestiture

Target

Progress Rail - Battery-Electric Locomotives

Albertville, Alabama, United States
Progress Rail's Battery-Electric Locomotives Includes 10 Battery electric locomotives.

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Buyer(S) 1

Buyer

Union Pacific

Omaha, Nebraska, United States
Category Company
Founded 1862
Sector Transportation
Employees31,052
Revenue 24.1B USD (2023)
DESCRIPTION
Union Pacific's corporate headquarters in downtown Omaha, Nebraska.
Union Pacific's corporate headquarters in downtown Omaha, Nebraska.

Union Pacific is a transportation company whose principal operating company, Union Pacific Railroad, is a railroad franchise serving the Western half of the United States. Union Pacific was founded in 1862 and is based in Omaha, Nebraska.

DEAL STATS #
Overall 5 of 5
Sector (Transportation) 4 of 4
Type (Divestiture) 2 of 2
State (Alabama) 1 of 1
Country (United States) 5 of 5
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-28 Wabtec - FLXdrive Battery-Electric Locomotive

Wilmerding, Pennsylvania, United States

Wabtec's FLXdrive Battery-Electric Locomotive includes 2.5-MWh locomotives are each powered solely by 7,000 battery cells, providing Union Pacific a zero-emission solution for its yard operations.

Buy -

Seller(S) 1

SELLER

Progress Rail

Albertville, Alabama, United States
Category Company
Founded 1982
Sector Machinery
Employees8,000
DESCRIPTION

Progress Rail is a provider of rail and transit products and services throughout North America.

DEAL STATS #
Overall 3 of 3
Sector (Transportation) 1 of 1
Type (Divestiture) 3 of 3
State (Alabama) 2 of 2
Country (United States) 3 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-02 Progress Rail Equipment Leasing

Albertville, Alabama, United States

Progress Rail Equipment Leasing is a lessor of railroad maintenance-of-way (MOW) equipment and services. Progress Rail Equipment Leasing is based in Albertville, Alabama.

Sell -
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