Connecticut-based Genesee & Wyoming is considering selling itself in part or in full as the railroad owner and operator explores strategic options, Bloomberg News reported, citing people familiar with the matter.
Genesee engaged a financial adviser and has initiated discussions with potential acquirers such as Brookfield Asset Management Inc. and other infrastructure-investment firms, the sources said.
According to the report, the company has a market value of about $4.9 billion, and it operates 120 railroads and employs 8,000 people across North America, Australia, Europe and the U.K.
Carlyle Group LP in 2012 agreed to make an investment of up to $800 million in Genesee, according to Bloomberg.
A representative for Genesee did not respond to requests for comment, and a representative for Brookfield did not comment on the matter.