KKR Agrees to Sell Infinity Transportation to Ares for About $2.9 Billion
KKR agreed to sell the railcar and intermodal equipment lessor to funds managed by Ares Management for an enterprise value of about $2.9 billion.
KKR & Co. Inc. said Monday it has agreed to sell Infinity Transportation, a railcar and intermodal equipment lessor, to funds managed by Ares Management Corp. for an enterprise value of about 2.9 billion.
Ares said it plans to support…