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GATX and Brookfield Infrastructure Partners to acquire Wells Fargo rail assets

GATX (GATX) announced a definitive agreement to acquire approximately 105,000 railcars from Wells Fargo (WFC) for $4.4B through a newly formed joint venture with Brookfield Infrastructure Partners (BIP) and its institutional partners. Initial joint venture equity ownership will be GATX 30% and Brookfield Infrastructure 70%, with GATX having the option to acquire 100% of the joint venture equity over time. The transaction is subject to customary closing conditions and is expected to close in Q1 2026 or sooner.

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