Ares to Buy Infinity Railcar Leasing from KKR for $2.9 Billion
Acquisition expands ARES' asset base and potential fee revenue; positive near-term equity reaction expected as investors reassess scale and earnings potential.
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Acquisition expands ARES' asset base and potential fee revenue; positive near-term equity reaction expected as investors reassess scale and earnings potential.
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ARES will acquire Infinity Railcar Leasing from KKR for $2.9 billion, expanding its asset-backed platform. The deal signals consolidation in railcar leasing and could boost ARES' fee-based earnings through added assets under management and ongoing management fees. Closing terms and timing were not disclosed.
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