Announced
Financials
Tags
Railroad Equipment
Acquisition
Friendly
United States
Pending
rail infrastructure
railway equipment
Majority
Private Equity
Public Private Partnerships
Public
Single Bidder
Synopsis
Private equity firm Oaktree Capital Management-backed Watco, a transportation service company agreed to acquire the North American rail assets of Dow, a business conglomerate for c. $310m. "Watco is excited to serve Dow and honoured to acquire these incredible assets. We are grateful for the confidence Dow has shown in Watco by trusting us with this critical role. This represents a revolutionary approach to industrial in-plant rail operations and we're proud to help Dow create value for many years to come," Dan Smith, Watco CEO.
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