12:46 PM EDT, 05/30/2025 (MT Newswires) -- GATX ( GATX ) shares rose nearly 10% after the company said Friday that it struck a deal to acquire about 105,000 railcars from Wells Fargo ( WFC ) for $4.4 billion through a new joint venture with Brookfield Infrastructure Partners ( BIP/PA ) .

GATX ( GATX ) said in a regulatory filing that it will initially own 30% of the joint venture, and Brookfield the rest, adding that it will have the option to gradually buy out Brookfield's share over time.

The deal is expected to close in Q1 2026, according to the filing.

GATX ( GATX ) also said it will directly buy about 223 locomotives from Wells Fargo ( WFC ), and Brookfield will acquire Wells Fargo's ( WFC ) rail finance lease portfolio, with GATX ( GATX ) serving as manager for all assets.

Price: 160.73, Change: +14.26, Percent Change: +9.74