CSX acquires Quality Carriers
Davis Polk is advising CSX Corp. on its acquisition of Quality Carriers, Inc. from Quality Distribution, Inc. The transaction is expected to close in the third quarter of 2021, subject to regulatory review and certain customary closing conditions. Financial terms of the transaction were not disclosed.
CSX, based in Jacksonville, Florida, is a premier transportation company that provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural and consumer products. A leader in bulk chemicals transportation since 1913, Quality Carriers operates the most extensive bulk tank trucking fleet in North America, with around 2,500 drivers.
The Davis Polk corporate team includes partners George R. Bason Jr. and Harold Birnbaum and associates Molly I. Manning and Joshua B. Pittell. The tax team includes partner Patrick E. Sigmon and associate Yixuan Long. Partner Pritesh P. Shah is providing intellectual property advice. Counsel Betty Moy Huber and associate Michael Comstock are providing environmental advice. The real estate team includes partner Brian D. Hirsch. All members of the Davis Polk team are based in the New York office.