The acquisition of certain railcar assets and operations formerly owned by SMBC Rail Services LLC has been completed by American Industrial Transport, Inc. (AITX), a railcar leasing and repair and maintenance provider
Sumitomo Mitsui Financial Group
An affiliate of investment firm ITE Management L.P. (ITE) has agreed to acquire North American rolling stock lessor SMBC Rail Services LLC from SMBC Americas Holdings, Inc., a member of Sumitomo Mitsui
SMBC Rail Services LLC (SMBC Rail), the railcar operating lessor and fleet management division of Sumitomo Mitsui Banking Corp. (SMBC), on June 1 completed its acquisition of American Railcar Leasing LLC. SMBC Rail, headquartered in Chicago, will maintain an operating and sales office in St. Charles / St. Peters, Mo.