Sidley is representing Fortress Transportation and Infrastructure Investors, LLC in its acquisition of Transtar, LLC from United States Steel Corporation for US$640 million. Transtar is comprised of six operating freight railroads which are connected to U.S. Steel’s largest production facilities. Closing is expected to occur in the third quarter of 2021.
The Sidley team is led by senior counsel Terry Hynes, with support from counsel Jim Weiss and associates Chris Folmsbee and Cedric Seley. The team also included partners Suresh Advani, Daniel Allison, Timothy Kapshandy, Karen Kazmerzak, Benjamin Rosemergy, and Matthew Warren, as well as counsel Maureen Crough and Scott Goldstein, and associates Allen Braddock, Andy Chen, Allison In, Vera Iwankiw, Marc Korman, Stephen Laudone, Morgan Bennett Lindsay, Quan Lu, Sarah Recktenwald, Tyler Replogle, Matthew Thompson, and Tom Topping.