Robert.Jervis_43227 Jan 07

Genesee & Wyoming acquisition completed

Genesee & Wyoming acquisition completed image
Perfectly aligned
The US$8·4bn acquisition of freight railway group Genesee & Wyoming by affiliates of New York and Toronto listed global investor Brookfield Infrastructure and Singapore’s foreign reserves investor GIC has been completed.

The US$112 per share deal had been announced in July.

“This transaction is an excellent outcome for all G&W stakeholders’, said G&W CEO Jack Hellmann on December 30.

“For our customers, employees, and Class I partners, the long-term investment horizon of Brookfield and GIC is perfectly aligned with the long lives of G&W railroad assets. We look forward to building on G&W’s track record of safety, service excellence and commercial growth as we become an important component of a portfolio of global infrastructure assets.”

G&W owns or leases 119 freight railways, with around 8,000 employees and 3,000 customers