KKR has agreed to sell Infinity Transportation, an Atlanta-based lessor of railcars and intermodal equipment, to funds managed by Ares Management for an enterprise value of about US$2.9bn, the two firms said on 19 October 2026.
Why Ares Management (Ares Infrastructure Equity and Ares Insurance Solutions funds) is buying Infinity Transportation
Infinity leases about 50,000 railcars to more than 350 customers across the US, Canada and Mexico, providing long-dated, asset-backed cash flows suited to both infrastructure equity and insurance balance sheets.
Deal terms and financing
The buyers are Ares Infrastructure Equity and Ares Insurance Solutions funds. Financial terms beyond the US$2.9bn enterprise value were not disclosed.
Regulatory approvals and timing
The transaction is expected to complete in the first quarter of 2027, subject to customary closing conditions and regulatory approvals.
Market context
Infinity was founded in 2004; KKR's insurance subsidiary Global Atlantic has invested in the company since 2016.
