On January 1, 2026, GATX Corporation, through a joint venture with Brookfield Infrastructure Partners L.P. and its institutional partners, successfully completed the acquisition of Wells Fargo’s rail operating lease portfolio, comprised of approximately 101,000 railcars, for approximately $4.2 billion. Separately, Brookfield Infrastructure completed the acquisition of Wells Fargo’s rail finance lease portfolio, which includes approximately 22,000 railcars and approximately 400 locomotives.
Fasken advised GATX Corporation and Brookfield Infrastructure on the Canadian law aspects of the transaction, with a team led by Gesta Abols, which included Kathryn McCoy (Capital Markets and Mergers & Acquisitions); Anna Tosto (Rail Car Regulatory); Gabrielle Motuz, Dev Singh (Banking); Koker Christensen (Financial Services); Huy Do, Chris Margison, Henry Gray, Musa Mansuar (Competition, Marketing & Foreign Investment); Bruce Graham, Rhonda Grintuch (Labour, Employment & Human Rights); Christopher Steeves, Alex Pankratz, Kevin Yip, Paul Casuccio (Tax); Anastasia Reklitis (Litigation & Dispute Resolution).
Jurisdiction
- Ontario
