The Longwood Group Announces Acquisition of Leased Railcar Portfolio
10/14/2021 - 05:55 PM
CHICAGO , Oct. 14, 2021 /PRNewswire/ -- The Longwood Group, LLC ("Longwood"), a Chicago -based asset management and advisory services firm, today announced the completion of a 3,600 leased railcar portfolio acquisition in which the company acted as advisor to GBX Leasing. GBX Leasing is a joint venture between Longwood and The Greenbrier Companies (NYSE:GBX, "Greenbrier"), a leading international supplier of equipment and services to global freight transportation markets.
"The acquisition of this portfolio of leased railcars is a complimentary addition to GBX Leasing's long-term agreement with Greenbrier to acquire $200 million Stephen Menzies , Longwood's Chief Executive Officer, and Chairman and Chief Executive Officer of GBX Leasing. "This two-pronged acquisition strategy allows GBX Leasing to rapidly scale a diversified portfolio of leased railcars while meeting the demand from customers for quality railcars. I am very pleased with the growth of Longwood's rail portfolio, which has exceeded our initial planned venture investment for the first year by 75% . These investments establish a strong foundation for building our asset management portfolio across various transportation sectors."
As of September 30 th , GBX Leasing's railcar portfolio totals approximately 4,000 railcars with a fair market value of approximately $350 million
About The Longwood Group, LLC
The Longwood Group is an asset management and advisory services firm formed in 2018 specializing in services to institutional investors and financial sponsors seeking investment in transportation equipment and services businesses. Longwood uses its transportation industry experience, extensive asset knowledge, and financing expertise to identify and develop attractive proprietary investment opportunities for its financial partners. For more information on The Longwood Group, please visit www.longwoodgrp.com .
https://www.prnewswire.com/news-releases/the-longwood-group-announces-acquisition-of-leased-railcar-portfolio-301400917.html
SOURCE The Longwood Group
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Industry
Heavy Duty Truck Manufacturing
Sector
Manufacturing
Tags
Producer Manufacturing, Trucks/Construction/Farm Machinery, Manufacturing, Heavy Duty Truck Manufacturing
Country
US
City
Lake Oswego
About GBX
the greenbrier companies is a leading supplier of marine and rail transportation equipment and services, powering the movement of products around the world. greenbrier’s innovation and engineering expertise pairs with our capacity to build and repair transportation equipment. this allows us to provide an unrivaled level of service to our customers across the americas, europe and the countries of the gcc. with a railcar lease fleet of over 10,300 railcars, greenbrier also provides asset management services for nearly 400,000 railcars. our unique railcar leasing syndication platform brings us into contact with the world’s leading fixed asset investors. we have delivered over 21,000 railcars in a single year and maintain the capacity to produce over 35,000 railcars annually. learn more about greenbrier at www.gbrx.com.
