KKR agrees to $2.9 billion Infinity sale

• KKR agreed to sell Infinity Transportation to funds managed by Ares for approximately $2.9 billion in enterprise value.
• Infinity owns and manages approximately 50,000 railcars leased to more than 350 customers across North America, with book value increasing 150% since 2021.
• The companies expect the acquisition to close in Q1 2027, subject to regulatory approvals, while Ares plans to support fleet expansion and additional acquisitions.

KKR (NYSE:KKR) agreed to sell Infinity Transportation to funds managed by Ares Management (NYSE:ARES) for approximately $2.9 billion in enterprise value.

The transaction follows KKR's investment through Global Atlantic, which began backing Infinity in 2016, with the company's book value increasing 150% since 2021.

“We are proud of what we have built together over the past decade,” said KKR Partner and Head of Asset-Based Finance Daniel Pietrzak.

Infinity owns and manages approximately 50,000 railcars leased to more than 350 customers across the United States, Canada and Mexico.

Ares expects to complete the acquisition in Q1 2027, subject to regulatory approvals.

Ares Infrastructure Equity and Ares Insurance Solutions funds will acquire Infinity, with Ares planning further fleet investments and customer expansion after closing.

Founded in 2004, Infinity provides railcar and intermodal equipment leasing, while KKR's investment supported its standalone operating platform and fleet expansion.losing date.