GIC joins consortium to acquire US railroad firm for US$8.4b

G&W owns a portfolio of 120 short line railroads across North America, Europe, and Australia.

GIC and Canada-based Brookefield Infrastructure have partnered to acquire US-headquartered Genesee & Wyoming, a railroad firm, for US$8.4b ($11.39b).

The transaction will result in G&W becoming a privately held company.

G&W owns a portfolio of 120 short line railroads, predominantly in North America, with operations in Europe and Australia. Through its subsidiaries worldwide, the business provides transportation infrastructure services over more than 26,000 kilometers of track, providing access to its well-diversified customer base.

Also read: GIC eyes investing $1b in India's road assets

According to the announcement, Brookfield Infrastructure’s investment will be approximately $677.93m (US$500m) of equity. The remainder of the business will be owned by Brookfield Infrastructure’s institutional partners and GIC. Brookfield Infrastructure’s investment will be funded from existing liquidity which totaled approximately $2.58b (US$1.9b) as of 30 June.

Also Read

Institution of Engineers sets up new board to promote faster chartership registration

Hanwha raises offer to $0.67 to acquire full control of Dyna-Mac Holdings

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit