KKR to Sell Infinity Transportation to Ares for $2.9 Billion
Key Highlights
- ➤Infinity Transportation to be sold to Ares for approximately $2.9 billion enterprise value
- ➤Transaction expected to close in first quarter of 2027, pending approvals and customary conditions
- ➤Infinity owns and manages approximately 50,000 railcars leased to more than 350 lessees
- ➤Infinity’s book value increased 150% since 2021 with KKR’s support
- ➤Ares plans continued fleet growth, deeper customer relationships and new acquisition opportunities
Expert Statements
Daniel Pietrzak, Partner and Head of ABF at KKR
“Infinity is a great example of KKR's ability to scale ABF platforms into industry leaders and accelerate their long-term growth.”
Daniel Pietrzak, Partner and Head of ABF at KKR
“This transaction demonstrates the value that can be created when you combine long-term patient capital with strong partnership and deep expertise.”
Daniel Pietrzak, Partner and Head of ABF at KKR
“We are proud of what we have built together over the past decade and are confident that Ares will be an exceptional partner to Infinity going forward.”
Jeff Edelman, President and CEO of Infinity
“We appreciate KKR’s partnership and support, which enabled us to invest in the team, expand our fleet and build Infinity into the industry leader it is today.”
Jeff Edelman, President and CEO of Infinity
“We're proud of what we've achieved to date and are excited to begin a new chapter with Ares, whose scale and experience will support our continued growth.”
Mike Roth and Anup Agarwal, Partner in Ares Infrastructure Equity; Head and Chief Investment Officer of Ares Insurance Solutions
“Infinity’s railcar portfolio is a critical component of the U.S. transportation and logistics supply chain, and we are pleased to build on our expanding activity in the sector through this transaction.”
Mike Roth and Anup Agarwal, Partner in Ares Infrastructure Equity; Head and Chief Investment Officer of Ares Insurance Solutions
“Transportation and logistics assets continue benefiting from the reshoring of manufacturing, increased investment in domestic industrial capacity and growing need for more resilient supply chains.”
Mike Roth and Anup Agarwal, Partner in Ares Infrastructure Equity; Head and Chief Investment Officer of Ares Insurance Solutions
“Alongside this strong underlying demand, Infinity’s high-quality, long-lived assets are well suited for long-term investment.”
Mike Roth and Anup Agarwal, Partner in Ares Infrastructure Equity; Head and Chief Investment Officer of Ares Insurance Solutions
“We look forward to partnering with Jeff and his team to support continued fleet growth, deepen customer relationships and pursue new acquisition opportunities.”
KKR & Co. Inc. (NYSE: KKR) and Ares Management Corporation (NYSE: ARES) (“Ares”) today announced a definitive agreement under which KKR will sell Infinity Transportation (“Infinity” or the “Company”), a scaled, full-service railcar and intermodal equipment lessor, to Ares Infrastructure Equity and Ares Insurance Solutions funds for an enterprise value of approximately $2.9 billion. The transaction is subject to customary closing conditions and regulatory approvals and is expected to close in the first quarter of 2027.
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