Greenbrier, Longwood to Form Leasing JV Written by Marybeth Luczak, Executive Editor
The GBX Leasing joint venture will “develop an owned portfolio of leased railcars primarily to be built by Greenbrier,” according to Greenbrier and Longwood.
The Greenbrier Companies and The Longwood Group are teaming on a railcar leasing joint venture, they reported Feb. 5.
GBX Leasing will “develop an owned portfolio of leased railcars primarily to be built by Greenbrier,” according to the companies. Its formation is “subject to completion of final documentation,” but origination and funding is slated for the first calendar quarter of 2021, they said.
Greenbrier will own about 95% of GBX Leasing with the balance held by Longwood, a Chicago-based transportation equipment advisory and asset management firm.