Carlyle sells Horizon Lines.

• Author: Pilkington, Steve
• Position: Transportation - Brief Article

Global private equity firm The Carlyle Group announced it has entered into a definitive agreement to sell Horizon Lines to private equity firm Castle Harlan for a purchase price of $650 million. Carlyle acquired Horizon Lines, formerly known as CSX Lines, from CSX Corp. in a recapitalization transaction, which was completed in February 2003.

Based in Charlotte, N.C., Horizon Lines has 16 vessels providing ocean...