Brookfield Infrastructure to acquire Triton International in a take-private deal valued at $17.7 billion

Triton International Limited agreed to be acquired by Brookfield Infrastructure Partners L.P. in a transaction valued at approximately C$6.2 billion (US$4.7 billion) in common equity and a total enterprise value of about C$17.7 billion (US$13.3 billion). This deal, a blend of cash and stock, offered a 35% premium over Triton's previous closing share price, solidifying a 700% return for shareholders since Triton's 2016 merger with TAL International. Triton, the leading owner and lessor of intermodal containers, is poised for further growth and enhanced service under Brookfield's ownership.

Goldman Sachs & Co. LLC and Sullivan & Cromwell LLP, with Appleby as Bermuda counsel, are advising Triton. Brookfield Infrastructure engaged BofA Securities, Mizuho Securities USA LLC, Skadden, Arps, Slate, Meagher & Flom LLP, Torys LLP, and MUFG as financial and legal advisors.

Deal Type

Merger & Acquisition

Industry

Other

Transaction

$ 17,679,424,000

Deal Status

Closed

Closing Date

28 September 2023