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Brookfield’s acquisition of Triton expected to close next week

Triton International’s acquisition by Brookfield Infrastructure is a step closer to completion (Photograph by JB Reed/Bloomberg News)

Brookfield Infrastructure’s $13.3 billion take-private acquisition of Bermudian-based Triton International, the world's largest lessor of intermodal freight containers, is a step closer to completion.

After clearance from the Committee on Foreign Investment in the United States, the companies said, all regulatory approvals required to complete the previously announced acquisition have now been received.

The parties said they anticipate the transaction will close on September 28, subject to customary closing conditions in the agreement and plan of merger.

Triton has a container fleet of more than seven million 20-foot-equivalent units.

Brookfield Infrastructure owns and operates high-quality, long-life assets in the utilities, transport, midstream and data across North and South America, the Asia-Pacific region and Europe.

Investors can access its portfolio either through Brookfield Infrastructure Partners LP, a Bermudian-based limited partnership, or Brookfield Infrastructure Corporation, a Canadian corporation.

Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Corporation, a global alternative asset manager with approximately $800 billion of assets under management.

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Published September 21, 2023 at 12:00 pm (Updated September 21, 2023 at 9:58 pm)

Brookfield’s acquisition of Triton expected to close next week

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