M&A Deal Summary

AITX Acquires The Andersons - Rail Leasing Business

On August 16, 2021, AITX acquired business services company The Andersons - Rail Leasing Business from Andersons for 550M USD

Acquisition Highlights
  • This is AITX’s 1st transaction in the Business Services sector.
  • This is AITX’s largest (disclosed) transaction.
  • This is AITX’s 1st transaction in the United States.
  • This is AITX’s 1st transaction in Ohio.

M&A Deal Summary
Date 2021-08-16
Target The Andersons - Rail Leasing Business
Sector Business Services
Buyer(s) AITX
Sellers(s) Andersons
Deal Type Divestiture
Deal Value 550M USD

Target

The Andersons - Rail Leasing Business

Maumee, Ohio, United States
The Andersons' Rail Leasing Business provides customers a leasing fleet of approximately 60,000 railcars across a diverse offering of car-types, equipment life-cycles, commodities, and industries-serviced.

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Buyer(S) 1

Buyer

AITX

St. Charles, Missouri, United States
Category Company
Founded 1994
Sector Automotive
Employees1,932
DESCRIPTION

AITX is a designer and manufacturer of hopper and tank railcars, that operates through three segments: Manufacturing, Railcar Leasing, and Railcar Services. AITX was founded in 1994 and is based in St. Charles, Missouri.

DEAL STATS #
Overall 1 of 2
Sector (Business Services) 1 of 2
Type (Divestiture) 1 of 2
State (Ohio) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-18 American Railcar Industries - Manufacturing Business Assets

St. Charles, Missouri, United States

American Railcar Industries, Inc. - Manufacturing Business Assets comprises two railcar manufacturing facilities in Arkansas and five other operations that provide a range of railcar component and parts supply. These operations build hopper car outlets, tank car valves, axles, castings and railcar running boards, among other ancillary railcar products.

Sell $430M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-07 SMBC Rail Services

Chicago, Illinois, United States

SMBC Rail Services is a full-service lessor of rolling stock, offering comprehensive rail leasing solutions in North America. SMBC Rail Services is based in Chicago, Illinois.

Buy -

Seller(S) 1

SELLER

Andersons

Maumee, Ohio, United States
Category Company
Founded 1947
Sector Agriculture
Employees2,259
Revenue 14.8B USD (2023)
DESCRIPTION
Entrance to The Andersons' corporate headquarters in Maumee, Ohio.
Entrance to The Andersons' corporate headquarters in Maumee, Ohio.

Andersons is a diversified agriculture company. The Andersons serves customers across North America in the grain, ethanol, and plant nutrient sectors, as well as railcar leasing, turf and cob products, and consumer retailing. Andersons was founded 1947 and is based in Maumee, Ohio.

DEAL STATS #
Overall 2 of 2
Sector (Business Services) 1 of 1
Type (Divestiture) 2 of 2
State (Ohio) 2 of 2
Country (United States) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-15 Lansing Trade Group

Overland Park, Kansas, United States

Lansing Trade Group LLC is focused on the movement of physical commodities including grains, feed ingredients, energy products, and freight within North America and internationally. Presently based in Overland Park, Kansas, it employs approximately 550 associates in more than 20 facilities across the U.S. and Canada and a dozen other offices, including in London and Singapore. It owns approximately 55 million bushels of grain storage space and traded more than 1 billion bushels of grain in 2017.

Buy $305M
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