KKR to Sell Railcar-Leasing Company Infinity to Ares for $2.9 Billion

3-line summary

• KKR agreed to sell Atlanta-based Infinity Transportation, a railcar and intermodal equipment leasing company, to Ares Management for about $2.9 billion; Macquarie Capital advised KKR and Citi advised Ares. Infinity owns and operates about 50,000 railcars leased to more than 350 customers across the US, Canada, and Mexico.
• KKR said it had grown Infinity's book value by 150% since acquiring it in 2021, building it into one of the largest railcar lessors in the US; Ares said reshoring of manufacturing and supply-chain resilience demand favor transportation and logistics assets, and it views Infinity's assets as suited to long-term investment, planning to support further fleet expansion after the deal closes.
• The deal was announced Monday and is expected to close in the first quarter of 2027.

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