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Two investors make bid for Kansas City Southern

A private equity bid has reportedly been placed for Kansas City Southern by Blackstone Group Inc. and Global Infrastructure Partners, and while specific details of the offer remain unknown, some reports value the transportation holding company at more than $21 billion.

In late July, reports were released that two investors, Blackstone Group Inc. and Global Infrastructure Partners, were interesting in an offer to buy Kansas City Southern.

This week, The Wall Street Journal reported that a private equity bid was placed by the two for the transportation holding company.

On Wednesday, The Wall Street Journal’s report did not name any sources but did say Blackstone Group and Global Infrastructure made the bid after a previous proposal was turned down.

Founded in 1887, Kansas City Southern is the smallest Class I railway company in the U.S. with lines running in several U.S. states, down through Mexico and further into Panama where it owns a 50 percent stake in the Panama Canal Railway Company.

In 2019, its reported revenue was $2.87 billion.