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

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

08/16/21, 8:11 PM
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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 Info

Company
American Industrial Transport
Company info
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.