CHICAGO – Mayer Brown advised GATX Corporation in a deal to acquire approximately 105,000 railcars from Wells Fargo for $4.4 billion through a newly formed joint venture with Brookfield Infrastructure Partners L.P. (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.
GATX's global portfolio of assets includes tank and freight railcars, commercial aircraft spare engines, and tank containers. BIP is the flagship listed infrastructure company of Brookfield Asset Management, a leading global alternative asset manager, with over $1 trillion of assets under management.
The transaction is subject to customary closing conditions,
including required regulatory approvals and
clearances, and it is expected to close in the first quarter of
2026 or sooner.
The team was led by M&A partner William Kucera and included M&A – partner Joshua La Vigne and associates Olivia Altmayer and Alexander Aschi (all Chicago); Litigation & Dispute Resolution – partners Scott Perlman and William Stallings (both DC) and counsel Kim Leffert; Employment & Benefits – partner Stephanie Vasconcellos (both Chicago); Corporate & Securities – partner Rohith George and associate Kyle Tang (both NorCal); Banking & Finance – partners Adam Wolk, John Berkery, and David Bakst (all NY) and counsel Daniel Whitmore (Chicago).