Business

GATX Corp. acquires storage tank company

Posted December 29, 2020 10:00 pm

CHICAGO - GATX Corp. Wednesday said it acquired Trifleet Leasing Holding B.V., the fourth largest global lessor of storage tanks. Headquartered in the Netherlands with offices worldwide, Trifleet owns and manages a fleet of more than 18,000 storage tanks leased to customers 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.

GATX said it purchased Trifleet for 175 million euros in cash, or $215 million.

As the leading global railcar lessor, GATX has been providing quality railcars and services to its customers for over 121 years. GATX has been headquartered in Chicago since its founding in 1898.

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