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Watco Companies

Company Summary

Description

Watco Companies, LLC, is a Pittsburg, Kansas, based transportation company providing mechanical, transportation, and terminal and port services solutions for Customers throughout North America and Australia. Watco is the owner of Watco Transportation Services, LLC, one of the largest short line railroad holding companies in the U.S. with 35 short line railroads operating on more than 4,700 miles of track, as well as 30 industrial contract switching locations. The Terminal and Port Services division currently manages 55 terminals.

Website

https://watcocompanies.com/about-us/the-company/

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Recent news

  • 10/18/2018 - Kinder Morgan JV... (subscriber access)
  • 7/19/2018 - Kinder Morgan & Watco... (subscriber access)

Company Transactions

Date: 9/30/2020
Type: Acquisition

BUYERS:
  • Watco Companies
  • SELLERS:
  • Dow Chemical Co
  • DETAILS:

    COST: 310 $MM

    NOTES:
    Dow reported that they are closing on the sale of rail infrastructure at six of their North American facilities to Watco for $310 million in cash.
    REGIONS:
  • North America