GATX acquired Trifleet Leasing, the fourth largest global tank container lessor. Headquartered in the Netherlands and with offices worldwide, Trifleet owns and manages a fleet of more than 18,000 tank containers leased to a customer base that spans the chemical, industrial gas, energy, food, cryogenic and pharmaceutical industries. Trifleet also leases to tank container operators.

“Trifleet complements our existing railcar leasing business and shares GATX’s approach of striving for the highest levels of safety, quality, customer service and environmentally responsible performance,” Brian A. Kenney, president and CEO of GATX, said. “We are committed to strengthening Trifleet’s position in the tank container leasing market by leveraging GATX’s extensive global customer base and experience in managing long-lived, widely used transportation assets.”

GATX closed its acquisition of Trifleet on Dec. 29 for approximately €175 million ($215.17 million) in cash.