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New Deal


Announced

Completed

Patriot Rail completed the acquisition of Delta Southern Railroad from Golden Gate Capital.

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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Domestic

Friendly

United States

railroads

Majority

Private

Acquisition

Single Bidder

Railroads

Completed

Private Equity

Synopsis

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Patriot Rail, an operator of short line and regional freight railroads, rail services and integrated port logistics business, completed the acquisition of Delta Southern Railroad, a short line railroad company operating two line segments in Louisiana, from Golden Gate Capital, an American private equity firm. Financial terms were not disclosed. "Including Delta Southern in Patriot Rail's expanding network will enable further competitive options for rail shippers in Louisiana and across the country. This strategic acquisition adds to the company's most recent expansion and exemplifies our growth focus on quality rail franchises to meet customer needs," John E. Fenton, Patriot Rail CEO.

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