GATX Corp. announced the successful closing of the acquisition of Wells Fargo’s rail operating lease portfolio on Jan. 1.
The acquisition was completed through a joint venture with Brookfield Infrastructure Partners L.P. and its institutional partners.
Wells Fargo’s rail operating lease portfolio comprised roughly 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 modestly accretive to earnings per share in the first full year after closing, with more substantial contributions expected in subsequent years.
Separately, Brookfield Infrastructure completed the acquisition of Wells Fargo’s rail finance lease portfolio, which includes roughly 22,000 railcars and approximately 400 locomotives. GATX will serve as manager of the railcars in the joint venture, as well as the finance lease of railcars and locomotives directly owned by Brookfield Infrastructure.
GATX will share additional transaction details and provide 2026 full-year guidance during its 2025 fourth-quarter earnings call. The call date will be announced later this month.
Be the first to comment