Is Patriot Transportation Becoming An Acquisition Target?
Diesel • Mon, Aug. 18
- Patriot Transportation is separating its transportation business from its real estate business in a spin-off move.
- The company's transportation operations benefit greatly from the energy boom, but they are not diversified enough.
- There is a lot of value in this company for a potential acquirer, and it would also benefit greatly from such acquisition.
- The entire transportation industry is likely to see consolidations soon in order to create cost-cutting synergies.