KKR to sell Infinity Transportation to Ares for $2.9 billion
FROM THE WIRE · FINANCE.YAHOO.COM
NEW YORK, October 19, 2026--(BUSINESS WIRE)--KKR & Co. Inc. (NYSE: KKR) and Ares Management Corporation (NYSE: ARES) ("Ares") today announced a definitive agreement under which KKR will sell Infinity Transportation ("Infinity" or the "Company"), a scaled, full-service railcar…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA roughly $2.9 billion private equity deal, relevant for the alternative asset managers involved.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01KKR will sell Infinity Transportation to Ares funds at an enterprise value of about $2.9 billion.
- 02Infinity owns and manages approximately 50,000 railcars leased to more than 350 lessees.
- 03Closing is expected in the first quarter of 2027, subject to regulatory approvals.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Ares Management Corporation112.27 USDMarket closedtoday -1.54%Positive KKR & Co. Inc.86.21 USDMarket closedtoday -1.62%Neutral Bank of Chongqing Co., Ltd.8.17 HKDMarket closedtoday -1.68%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets