Oaktree Capital invests $450 mln in Watco
Watco Cos LLC said Jan. 4 that Oaktree Capital Management LP is investing $450 million for a non-controlling equity stake of Watco. Watco, of Pittsburg, Kansas, is a transportation company that provides transportation, terminal and port, mechanical, and supply chain services throughout North America and Australia. Richard Alsop, Laura Friedrich and Kenneth Laverriere of Shearman & Sterling advised Oaktree.
PITTSBURG, KS – January 4, 2019 – Watco Companies, LLC (“W...