KKR to sell railcar-leasing company Infinity to Ares for $2.9 billion
KKR•KKR will sell Infinity Transportation to Ares Management for about $2.9 billion. The company owns and manages about 50,000 railcars leased to more than 350 customers, and the deal is expected to close in the first quarter of 2027.
1. Sale details
KKR said it will sell Infinity Transportation, an Atlanta-based railcar and intermodal equipment lessor, to Ares Management for about $2.9 billion. Infinity owns and manages about 50,000 railcars leased to more than 350 customers across the United States, Canada and Mexico.
2. Expected close
The transaction is expected to close in the first quarter of 2027. Ares Infrastructure Equity partner Mike Roth said the firm plans to support Infinity's fleet growth and that the deal would expand Ares' transportation and logistics investments.
3. KKR ownership
KKR said Infinity has increased its book value by 150% and grown into one of the largest railcar lessors in the United States since 2021 under its ownership. Macquarie Capital is advising KKR, and Citi is advising Ares.
