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Watco Acquires Dow Inc.'s Rail / Infrastructure Assets for $310MM

Announced Date
July 17,2020
Deal Value $
310,000,000
Transaction Type
Asset
Buyer
Seller
Source Documents:
   Source Link
Location
Region
United States

Country
United States


Transaction Details: 

Watco Companies LLC, one of the funds managed by Oaktree Capital Management, has acquired Dow Inc.'s rail infrastructure assets and related equipment for $310 million.

Dow and Watco will enter into long-term service agreements, with the transaction expected to close in the fourth quarter of this year.

Oaktree has been an investor in Watco since 2018.

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