Stonepeak Infrastructure Partners has acquired North American infrastructure provider TRAC Intermodal and its subsidiaries from funds managed by an affiliate of Fortress Investment Group.
Financial terms of the transaction were not disclosed.
TRAC, a marine chassis pool manager and equipment provider, has the largest fleet of marine and specialty chassis in North America. The company’s existing management team will continue to run the business in their current capacities.
Stonepeak said the deal will help the firm strengthen its infrastructure and transportation market portfolio, while supporting TRAC’s growth strategy.
Stonepeak has $17.9 billion in assets under management.
