Miller Johnson Represents Great Lakes Central Railroad in Strategic Acquisition by Watco
The Transaction
Miller Johnson is pleased to announce its role as legal counsel to Great Lakes Central Railroad (GLC) in its pending acquisition by Watco Railroad Company Holdings, Inc. (Watco), a move that will further strengthen Michigan’s rail infrastructure and economic connectivity. The transaction marks the next chapter in GLC’s legacy as the largest Class III regional railroad in the state, operating approximately 400 miles of track across Central and Northern Michigan.
The transaction formalizes a longstanding relationship between GLC and Watco, which has been an equity investor in the railroad since 2013. With this transaction, Watco will expand its operations in Michigan, integrating GLC’s extensive network with its existing services, including the Grand Elk and Ann Arbor railroads.
Miller Johnson’s team is led by Stephen Reaume (M&A) and includes Dustin Daniels (M&A), Jeff Osment (M&A), Neil Williams (Tax), Austin Koltonowski (Tax), and Jeff Gray (Employee Benefits).
Great Lakes Central Railroad
GLC is the largest Class III regional railroad in Michigan. It provides freight rail services, transporting commodities such as agricultural products, fertilizers, plastics, and liquefied petroleum gas. The railroad connects with major carriers like CSX, Canadian National, and Watco’s Ann Arbor Railroad. GLC’s commitment to safety, service, and innovation has solidified its reputation as a trusted rail provider, leaving a lasting impact on the communities and industries it has served.
Watco Railroad Company Holdings Inc.
Watco is a leading transportation service and logistics company headquartered in Pittsburg, Kansas. The company integrates rail, water, road, and air to address diverse supply chain challenges. Watco’s services encompass rail operations, transloading, terminal and port services, and comprehensive third-party logistics solutions. The company operates 45 short line railroads across North America and Australia, covering more than 8,000 miles of track and handling over 1.1 million carloads annually. Watco’s commitment to safety, customer service, and continuous improvement has established it as a trusted partner in the transportation industry.
Miller Johnson’s Mergers and Acquisitions Group
Miller Johnson’s M&A practice group collaborates with clients and their advisors to structure, negotiate and close deals and to navigate the challenges that can arise in mergers, acquisitions, dispositions and other business combination or investment transactions.
Miller Johnson is top listed for mergers and acquisitions with U.S. News & World Report’s Best Law Firms and is ranked by Chambers USA. At The M&A Advisor’s national awards and the ACG M&A Deals and Dealmakers regional awards, our attorneys are consistently involved in deals honored as winners and finalists. For further information, please contact Dustin Daniels at (616) 831-1737.