KEY FACTS
- Founded in 1915 as a coal-moving business on the Kentucky River.
- 4,000 barges and 150 tow boats working 12,000 miles of the U.S. inland waterways.
- Serves customers in minerals, grain, and petrochemicals.
- Major transporter of blades and towers for wind energy applications.
- In addition to marine transport, has a growing business in marine manufacturing services.
- Approximately 3,600 employees.
- Acquired AEP River Operations from American Electric Power (NYSE: AEP) in November 2015.
TRANSACTION
Combining years of experience in transportation and logistics with expertise in public-to-private transactions, we overcame complex capital structure elements to acquire American Commercial Lines. The deal, which includes significant barge, tow boat, and shipbuilding assets, was valued at approximately $800 million.
Our offer satisfied ACL’s board of directors and shareholders, including a 25% shareholder who executed a support agreement in favor of the transaction. The transaction was our second acquisition of a company operating under the Jones Act.
NEWS
American Commercial Lines Acquires AEP River Operations »Platinum Equity Company American Commercial Lines Announces New Leadership »ACL Announces Hiring Plans in Strengthening Business Climate »ACL Awarded Membership in the Louisiana Environmental Leadership Program »
updated 02/16
