KKR & Co. has agreed to sell Infinity Transportation, a full-service railcar and intermodal equipment lessor, to Ares Infrastructure Equity and Ares Insurance Solutions funds for an enterprise value of approximately $2.9 billion.
Founded in 2004, Infinity owns and manages approximately 50,000 railcars, leased to more than 350 unique lessees across the United States, Canada and Mexico.
“Infinity’s railcar portfolio is a critical component of the U.S. transportation and logistics supply chain, and we are pleased to build on our expanding activity in the sector through this transaction,” said Mike Roth, partner in Ares Infrastructure Equity, and Anup Agarwal, head and CIO of Ares Insurance Solutions. “Transportation and logistics assets continue benefiting from the reshoring of manufacturing, increased investment in domestic industrial capacity and growing need for more resilient supply chains. Alongside this strong underlying demand, Infinity’s high-qualit
