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Greenbrier forms JV to grow owned railcar lease fleet; extends commercial platform
New joint venture to own growing portfolio of leased railcars; complements existing go-to-market strategy
Investment goal is to create stable, tax-advantaged cash flows & ROE
Railcar leasing veteran D. Stephen Menzies to invest in joint venture and serve as Chairman & CEO
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LAKE OSWEGO, Ore., Feb. 5, 2021 /PRNewswire/  The Greenbrier Companies, Inc. (NYSE: GBX) ( Greenbrier ), a leading international supplier of equipment and services to global freight transportation markets, today announced plans to form GBX Leasing, a new leasing joint venture (JV) with The Longwood Group ( Longwood ) to develop an owned portfolio of leased railcars primarily to be built by Greenbrier. Longwood is a Chicago-based transportation equipment advisory and asset management firm. ....

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