GATX completes $4.2 billion acquisition of Wells Fargo rail assets

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Go back to GATX completes $4.2 billion acquisition of Wells Fargo rail assets

GATX Corporation and Brookfield Infrastructure Complete Acquisition of Wells Fargo’s Rail Assets

January 5, 2026 8:30 AM EST

Transaction significantly expands GATXs scale and further diversifies its North American railcar portfolio

CHICAGO--(BUSINESS WIRE)-- GATX Corporation (NYSE: GATX) today announced the successful closing of the acquisition of Wells Fargos rail operating lease portfolio on January 1, 2026. The acquisition was completed through a joint venture with Brookfield Infrastructure Partners L.P. (BIP) (NYSE: BIP; TSX: BIP.UN) and its institutional partners (collectively, Brookfield Infrastructure). Wells Fargos rail operating lease portfolio comprised approximately 101,000 railcars and the purchase price was approximately $4.2 billion,... More