CHICAGO, Dec. 30, 2020 – GATX Corporation (NYSE:GATX) today announced its acquisition of Trifleet Leasing Holding B.V., the fourth largest global tank container lessor. Headquartered in the Netherlands with offices worldwide, Trifleet owns and manages a fleet of over 18,000 tank containers leased to a diverse customer base 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. “We are committed to strengthening Trifleet’s position in the tank container leasing market by leveraging GATX’s extensive global customer base and experience in managing long-lived, widely used transportation assets.”
As a global leader in the railcar leasing market, GATX has the capabilities to drive long-term value creation for Trifleet. In addition to providing additional commercial opportunities, GATX can advance Trifleet’s position by scaling up and enhancing its already effective and efficient platform. Further, GATX is well-positioned to help grow the existing Trifleet brand through continued investment.
“Trifleet has grown to become one of the world’s leading tank container lessors. It has built a widely recognized reputation for professionalism over the past 30 years. I am proud of the success achieved by the Trifleet team,” said Philip van Rooijen, majority shareholder and former managing director of Trifleet Leasing, who will serve as an advisor to GATX. “Today marks the beginning of an exciting new chapter for Trifleet. GATX provides the financial strength and capabilities to ensure that Trifleet will remain a top player in tank container leasing. It offers a unique opportunity benefiting Trifleet’s customers, tank investors, employees, and suppliers as the company continues to deliver superior quality assets and exceptional service.”
“I am thrilled to welcome our new employees to GATX,” said Gokce Tezel, executive vice president of GATX and managing director of Trifleet. “I look forward to working with the Trifleet and GATX teams to provide attractive solutions to our customers globally. Together, we are eager to deliver on our commitment of sustainable excellence to build on Trifleet’s position as one of the world’s leading tank container lessors.”
ABOUT GATX CORPORATION
GATX Corporation (NYSE:GATX) strives to be recognized as the finest railcar leasing company in the world by our customers, our shareholders, our employees and the communities where we operate. 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, Illinois since its founding in 1898.
ABOUT TRIFLEET LEASING
Trifleet Leasing is a global Top 5 tank container leasing company, providing a first class rental fleet that spans the globe. Trifleet focuses on providing top quality, reliable tank containers, expert advice and professional, responsive service for the leasing of its standard and special tanks such as gas tanks, lined and cool tanks, electrically heated tanks, cryogenic and swap tank containers.
FOR FURTHER INFORMATION CONTACT:
GATX Corporation
Shari Hellerman
Director, Investor Relations
GATX Corporation
312-621-4285
shari.hellerman@gatx.com
(12/30/2020)