.
MergerLinks Header Logo

New Deal


Announced

Completed

Cathcart Rail completed the acquisition of the railcar repair business of The Andersons.

Financials

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

Tags

Edit

Private

Auto Services

Acquisition

Domestic

Majority

Single Bidder

Friendly

railcar maintenance

Completed

United States

Synopsis

Edit

Cathcart Rail, a private freight rail platform, completed the acquisition of the railcar repair business of The Andersons, an an American agribusiness. Financial terms were not disclosed. "The Andersons railcar repair network aligns perfectly with Cathcart Rail's strategic goal of offering a broad array of rail services across a national footprint, and we are excited to welcome The Andersons employees to the Cathcart family With the addition of The Andersons railcar repair network, Cathcart Rail's nearly 1k employees across 110+ locations make it the leading railcar services company in the country," Casey Cathcart, Cathcart Rail Chairman and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US