GATX completes $4.2 billion acquisition of Wells Fargo rail assets

GATX Corporation (NYSE: GATX) completed its acquisition of Wells Fargo's rail operating lease portfolio on January 1, 2026, through a joint venture with Brookfield Infrastructure Partners (NYSE: BIP) and its institutional partners, according to a company statement.

The transaction involved approximately 101,000 railcars with a purchase price of approximately $4.2 billion, reflecting the fleet count at closing. GATX expects the acquisition to be modestly accretive to earnings per share in the first full year after closing.

Separately, Brookfield Infrastructure acquired Wells Fargo's rail finance lease portfolio, which includes approximately 22,000 railcars and approximately 400 locomotives. GATX will manage the railcars in the joint venture as well as the finance lease railcars and locomotives owned by Brookfield Infrastructure.

"This marks an important milestone for GATX," said Robert C. Lyons, president and chief executive officer. "With this acquisition, we not only expand our North American platform and enhance our ability to serve customers with a more diversified fleet, but we also maintain the financial flexibility to continue pursuing investment opportunities across our global businesses."

The transaction was originally announced on May 29, 2025. BofA Securities served as the sole financial advisor to both GATX and Brookfield Infrastructure. Mayer Brown provided legal counsel to GATX, while Skadden, Arps, Slate, Meagher & Flom represented Brookfield Infrastructure.

GATX will provide additional transaction details and 2026 full-year guidance during its 2025 fourth-quarter earnings call, with the date to be announced later this month.

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