09.02.2021
Artikel Nummer: 35129
JV for portfolio of leased railcars
In the USA, Greenbrier plans to create GBX Leasing, a new joint venture (JV) with Longwood to develop an owned portfolio of leased railcars primarily to be built by Greenbrier. Longwood is a Chicago-based transportation equipment advisory and asset management firm.
GBX Leasing will acquire USD 200 million of newly-built and leased railcars per annum from Greenbrier. Greenbrier will beneficially own about 95% of GBX Leasing with the balance held by Longwood.
Greenbrier will provide lease originations, remarketing and railcar administrative services to GBX Leasing,while Longwood will be responsible for strategic and investment guidance, portfolio management and management oversight. (ben)