Announced
Completed
Financials
Tags
Private
railway
Private Equity
United States
railway services
Acquisition
Majority
Friendly
Single Bidder
Railroads
Completed
Canada
Synopsis
Canadian Pacific, a railway service operator, completed the acquisition of Central Maine & Quebec Railway, a railway operator, from Fortress Transportation and Infrastructure Investors. Financial terms were not disclosed. "This strategic acquisition gives CP a true coast-to-coast network across Canada and an increased presence in the eastern US," Keith Creel, CP President, and CEO.
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