KKR to sell railcar-leasing company Infinity to Ares for $2.9 billion

Oct 19 (Reuters) US investment firm KKR said on Monday ​it will ‌sell railcar-leasing company Infinity Transportation to peer Ares Management for about $2.9 ‌billion. Transportation ​and ⁠logistics assets continue ⁠benefiting from the reshoring of manufacturing and the growing need ​for resilient supply chains, said ⁠Mike Roth, ⁠partner at Ares ​Infrastructure Equity, adding ​that Infinity s assets are well-suited ‌for long-term investment. Infinity owns and manages about 50,000 railcars ⁠leased to more than 350 unique lessees across ⁠the ‌United States, Canada ⁠and Mexico. The ​deal ‌is expected to ​close in ⁠the first quarter of 2027. (Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Devika ​Syamnath)