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

Key facts

• Infinity Transportation owns and manages approximately 50,000 railcars.
• The railcars are leased to more than 350 unique lessees.
• The transaction is valued at approximately $2.9 billion.

KKR & Co. Inc. announced on October 19, 2026, that it has reached an agreement to sell its railcar-leasing company, Infinity Transportation, to Ares Management Corporation for approximately $2.9 billion. The transaction is expected to be completed in the first quarter of 2027, subject to customary closing conditions and regulatory approvals. Infinity Transportation owns and manages about 50,000 railcars and leases them to over 350 customers across the United States, Canada, and Mexico. Ares plans to leverage its infrastructure investing capabilities to support Infinity's growth and management team.