Brookfield Infrastructure and its institutional partners have signed a definitive agreement to acquire Triton International, the world’s largest owner and lessor of intermodal containers, in a cash and stock transaction, giving the company a total enterprise value of $13.3 billion.
Triton is a critical provider of transportation logistics infrastructure supporting global supply chains. The company has built an irreplaceable asset base, and it delivers high levels of utilization and maintains strong customer relationships.
Triton said the sale price represents a 35 percent premium to a previous closing share price and provides significant value to its investors.
“Triton is an attractive business with highly contracted and stable cash flows, strong margins and a track record of value creation,” said Sam Pollock, CEO of Brookfield Infrastructure. “This transaction provides Brookfield Infrastructure with a high going-in cash yield, strong downside protection