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New Deal


Announced

Completed

Canadian Pacific completed the acquisition of the US operations of Central Maine & Quebec Railway.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Single Bidder

railway

Railroads

Friendly

Private

railway services

Acquisition

United States

Majority

Private Equity

Synopsis

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Canadian Pacific, a railway service operator, completed the acquisition of the US operations of Central Maine & Quebec Railway, a railway operator, from Fortress Transportation and Infrastructure Investors, an infrastructure investment firm. Financial terms were not disclosed. "This transaction is a generational business opportunity for CP. It enables us to serve customers through a larger coast-to-coast network across Canada and brings a direct Class 1 freight-rail service to the State of Maine for the first time in decades. It is with great pride that I formally welcome CMQ's U.S. employees and customers to the CP family," Keith Creel, Canadian Pacific President and CEO.

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