GATX Corp. recently acquired Wells Fargo’s rail operating lease portfolio via a joint venture with Brookfield Infrastructure Partners and its institutional partners in a $4.2 billion deal.
Wells Fargo’s rail operating lease portfolio includes approximately 101,000 railcars.
Separately, Brookfield Infrastructure completed the acquisition of Wells Fargo’s rail finance lease portfolio, which includes approximately 22,000 railcars and approximately 400 locomotives.
“This marks an important milestone for GATX,” said Robert Lyons, president and CEO of GATX. “With this acquisition, we not only expand our North American platform and enhance our ability to serve customers with a more diversified fleet, but we also maintain the financial flexibility to continue pursuing investment opportunities across our global businesses. I believe the acquisition positions GATX for continued growth and value creation for our shareholders.”
GATX will serve as manage
