Business
GATX Corporation and Brookfield Infrastructure to Acquire Wells Fargo’s Rail Assets
CHICAGO, May 29, 2025--GATX Corporation (NYSE: GATX) announced today a definitive agreement to acquire approximately 105,000 railcars from Wells Fargo for $4.4 billion through a newly formed joint venture with Brookfield Infrastructure Partners L.P. ("BIP") (NYSE: BIP; TSX: BIP.UN) and its institutional partners (collectively, "Brookfield Infrastructure"). Initial joint venture equity ownership will be GATX (30%) and Brookfield Infrastructure (70%), with GATX having the option to acquire 100% of
About this update from Gatx Corporation
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":298,"url":"https://media.zenfs.com/en/business-wire.com/7cca66d974ff27d8b108b5c76d7625bd"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/tsfJ5g5g.08vFtnhciu2tg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU5NjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/7cca66d974ff27d8b108b5c76d7625bd","width":480,"height":298}},"lazy":false},{"type":"list","items":[{"val":[{"type":"text","content":"GATX and Brookfield Infrastructure form a joint venture and enter into an agreement to acquire Wells Fargo’s rail operating lease portfolio, composed of approximately 105,000 railcars","length":183,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Additionally, Brookfield Infrastructure enters into an agreement to directly acquire Wells Fargo’s rail finance lease portfolio, composed of approximately 23,000 railcars and approximately 440 locomotives","length":204,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"GATX to serve as manager of the railcars in the joint venture and the finance lease railcars and locomotives directly owned by Brookfield Infrastructure","length":152,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":539,"olType":false},{"type":"text","content":"CHICAGO, May 29, 2025--(BUSINESS WIRE)--GATX Corporation (NYSE: GATX) announced today a definitive agreement to acquire approximately 105,000 railcars from Wells Fargo for $4.4 billion through a newly formed joint venture with Brookfield Infrastructure Partners L.P. ("BIP") (NYSE: BIP; TSX: BIP.UN) and its institutional partners (collectively, "Brookfield Infrastructure"). Initial joint venture equity ownership will be GATX (30%) and Brookfield Infrastructure (70%), with GATX having the option to acquire 100% of the joint venture equity over time.","length":573,"tagName":"p"},{"type":"text","content":"GATX’s global portfolio of assets includes tank and freight railcars, commercial aircraft spare engines, and tank containers. BIP is the flagship listed infrastructure company of Brookfield Asset Management, a leading global alternative asset manager, with over $1 trillion of assets under management.","length":301,"tagName":"p"},{"type":"text","content":""This is...