FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


GATX Acquires Tank Container Lessor Trifleet Leasing

January 04, 2021, 07:23 AM
Filed Under: Mergers & Acquisitions

GATX Corporation announced its acquisition of Trifleet Leasing Holding B.V., the fourth-largest global tank container lessor. Headquartered in the Netherlands with offices worldwide, Trifleet owns and manages a fleet of over 18,000 tank containers leased to a diverse customer base in the chemical, industrial gas, energy, food, cryogenic and pharmaceutical industries, as well as to tank container operators.

“Trifleet complements our existing railcar leasing business and shares GATX’s approach of striving for the highest levels of safety, quality, customer service and environmentally responsible performance,” said Brian A. Kenney, President and Chief Executive Officer of GATX. “We are committed to strengthening Trifleet’s position in the tank container leasing market by leveraging GATX’s extensive global customer base and experience in managing long-lived, widely used transportation assets.”

GATX, based in Chicago, IL, closed its acquisition of Trifleet on Dec. 29, 2020 for approximately $215 million in cash.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.