Long/short equity, event-driven, portfolio strategy, industrials

Is Patriot Transportation Becoming An Acquisition Target?

Note: All the facts, figures and charts in this article were taken from Patriot Transportation's investor relations website and the company's related SEC filings.

Patriot Transportation (PATR) is a transportation company that also owns some real estate and collects mining royalties. The company is currently in the process of a tax-free spin-off to separate its two business segments and unlock value for shareholders. Once the spin-off is completed early next year, Patriot Transportation may become an acquisition target. This article will discuss the implications of this development on the company's suitability as an acquisition target.

Overview of Patriot Transportation

Patriot Transportation is currently a combination of three companies: Florida Rock & Tank Lines, of FRP Development Corp. and Florida Rock...

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