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American Industrial Transport, Inc., An Ite Management Company, Acquires The Rail Leasing Business Of The Andersons, Inc.

Aug 16, 2021•over 4 years ago

Acquiring Company

American Industrial Transport

Acquired Company

The Andersons

Maumee

Description

American Industrial Transport, Inc. (AITX) announced today that it has acquired the railcar leasing business from The Andersons, Inc. (Nasdaq: ANDE) for approximately $550 million in cash. AITX and its affiliates now can offer customers a leasing fleet of approximately 60,000 railcars across a diverse offering of car-types, equipment life-cycles, commodities, and industries-serviced.

Company Information

Company

American Industrial Transport

About

American Industrial Transport, Inc. is a leading railcar service provider with solutions across leasing, repair, and railcar data. AITX's broad and diverse railcar leasing fleet offers customers shipping flexibility and a portfolio of financing options. AITX's best-in-class railcar repair network spans across North America with capabilities across full-service repair, mobile operations, and onsite partnership. For more information, please visit www.aitx.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed