GATX - Mergers and acquisitions

Transaction significantly expands GATX's scale and further diversifies its North American railcar portfolio GATX Corporation (NYSE:GATX) today announced the successful closing of the acquisition of Wells Fargo's rail operating lease portfolio on January 1, 2026. The acquisition was completed through a joint venture with Brookfield Infrastructure Partners L.P. ("BIP") (NYSE:BIP, TSX:BIP) and its institutional partners (collectively, "Brookfield Infrastructure"). Wells Fargo's rail operating lease portfolio comprised approximately 101,000 railcars and the purchase price was approximately $4.2 billion, reflecting the fleet count at closing. GATX anticipates that the transaction will be mod

CHICAGO, Dec. 30, 2020 (GLOBE NEWSWIRE) -- GATX Corporation (NYSE:GATX) today announced its acquisition of Trifleet Leasing Holding B.V., the fourth largest global tank container lessor. Headquartered in the Netherlands with offices worldwide, Trifleet owns and manages a fleet of over 18,000 tank containers leased to a diverse customer base in the chemical, industrial gas, energy, food, cryogenic and pharmaceutical industries, as well as to tank container operators. “Trifleet complements our existing railcar leasing business and shares GATX’s approach of striving for the highest levels of safety, quality, customer service and environmentally responsible performance,” said Brian A. Kenney,