The previously-announced purchase of short line railroad company Genesee & Wyoming (G&W) by Brookfield Infrastructure Partners and GIC has closed, G&W confirmed in a Dec. 30 statement.
The deal, initially disclosed in July, was valued at $8.4 billion.
According to G&W, under the terms of the sale, each issued and outstanding share of the company’s common stock converted into the right to receive $112 in cash.
“This transaction is an excellent outcome for all G&W stakeholders,” said Jack Hellmann, CEO of G&W. “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.”
He added, “We look forward to building on G&W’s track record of safety, service excellence and commercial growth as we become an important
