The Greenbrier Companies announced it entered an alliance with Mitsubishi UFJ Lease & Finance (MUL) through its subsidiary Greenbrier Leasing Company (GLC). MUL plans to acquire a portfolio of about $1 billion in new and used leased railcar assets through the alliance with Greenbrier over a multi-year period.

MUL has already commenced its acquisition activities and is expected to have secured in excess of $100 million in railcars by August 31, 2014. Greenbrier will also provide equipment management services for these railcar assets in support of MUL. The alliance builds on Greenbrier’s current relationship with MUL and longstanding commercial and financial relationships with other Mitsubishi UFJ Financial Group affiliates.

The alliance with MUL connects GLC’s expertise in railcar leasing and asset management services with MUL’s reputation as a global leader in equipment finance, leasing and management across many asset classes.

Lake Oswego, OR-based Greenbrier is a supplier of transportation equipment and services to the railroad industry. Greenbrier owns approximately 8,800 railcars, and performs management services for approximately 234,000 railcars.

To read the full Greenbrier release, click here.