KKR has agreed to sell Infinity Transportation, a full-service railcar and intermodal equipment lessor, to Ares Management at an enterprise value of approximately $2.9 billion. The Atlanta-based company was founded in 2004 and owns and manages approximately 50,000 railcars leased to more than 350 lessees across the US, Canada and Mexico. It provides net and full-service leases, as well as other structured financing. Jeff Edelman is the company's president and CEO.
KKR's wholly owned subsidiary Global Atlantic has invested in Infinity since 2016. Since 2021, with KKR's support, Infinity has built a standalone operating platform and expanded its fleet, increasing its book value by 150 percent. Daniel Pietrzak, partner and head of asset-based finance at KKR, said Infinity is a great example of KKR's ability to scale ABF platforms into industry leaders.
Ares plans to use its infrastructure investing capabilities and capital to support Infinity's management team, fleet growth and customer relationships across North America, and to pursue new acquisition opportunities. Mike Roth and Anup Agarwal said transportation and logistics assets continue benefiting from the reshoring of manufacturing and growing need for more resilient supply chains.
The deal is expected to close in the first quarter of 2027. Macquarie Capital is financial adviser and Simpson Thacher & Bartlett legal counsel to KKR. Citi is financial adviser and Kirkland & Ellis legal counsel to Ares. Ares had more than $671 billion of assets under management as of June 30, 2026.
Source: PE Hub · Summarized by HeadlinesBriefing