Greenbrier Companies, an international supplier of equipment and services to global freight transportation markets, acquired a 100% interest in its GBX Leasing joint venture with The Longwood Group.
Greenbrier acquired Longwood’s minority interest in GBXL’s portfolio of leased railcars, manufactured mainly by Greenbrier. Now, GBXL operates as a wholly-owned subsidiary of Greenbrier.
“Greenbrier has enjoyed a productive and beneficial relationship with Longwood in the development of our leasing business,” Lorie Tekorius, CEO and president of Greenbriar, said. “I would like to thank Longwood and its CEO, D. Stephen Menzies, for offering strategic investment guidance and market assistance during GBXL’s nearly two years of operations. The formation of GBXL has plainly and demonstrably expanded Greenbrier’s value proposition for its customers and shareholders.”
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