Stonepeak Infrastructure Partners has completed the previously announced transaction to acquire TRAC Intermodal and its subsidiaries from investment funds managed by an affiliate of Fortress Investment Group LLC on March 27, 2020.
Stonepeak Infrastructure Partners has entered into a binding agreement to acquire intermodal infrastructure provider TRAC Intermodal (TRAC) and its subsidiaries from investment funds managed by an affiliate of Fortress Investment Group LLC. “The transaction will provide Stonepeak with an industry leader to strengthen its infrastructure and transportation market portfolio and TRAC with a new sponsor and support for future growth,” Stonepeak said. “TRAC’s existing management team will continue to run the business in their current capacities.”
