Brookfield, GIC to acquire Genesee & Wyoming in $8.4 bln deal
Genesee & Wyoming Inc (NYSE: GWR), a Darien, Connecticut-based freight railroads operator, has agreed to be acquired by Brookfield Infrastructure and GIC, Singapore's sovereign wealth fund. The take-private deal, expected to close this year or in early 2020, is valued at about US$8.4 billion, including debt. Established in 1899, Genesee & Wyoming owns a portfolio of 120 short-line railroads, predominantly in North America, with operations in Europe and Australia. It serves 3,000 customers. Brookfield Infrastructure is an affiliate of Brookfield Asset Management, a Toronto-based alternative asset manager.
3 July 2019•7 mins read
