Fortress Transportation and Infrastructure Investors LLC Priced, NYSE: FTAI

LLC formed by Fortress to own aviation, rail and marine transportation assets.

Industry: Industrials

Latest Trade: $17.79 0.00 (0.0%)

First Day Return: -2.6%

Return from IPO: +4.6%

Industry: Industrials

We own and acquire high quality infrastructure and equipment that is essential for the transportation of goods and people globally. We currently invest across four market sectors: aviation, energy, intermodal transport and rail. We target assets that, on a combined basis, generate strong and stable cash flows with the potential for earnings growth and asset appreciation. Our existing mix of assets provides significant cash flows as well as organic growth potential through identified projects. In addition, we believe that there are a large number of acquisition opportunities in our target sectors and that our Manager’s expertise and business and financing relationships, together with our access to capital, will allow us to take advantage of these opportunities. We are externally managed by FIG LLC, an affiliate of Fortress, which has a dedicated team of professionals who collectively have acquired over $17 billion in transportation-related assets since 2002. As of December 31, 2014, we had total consolidated assets of $1,404.2 million and total equity capital of $713.5 million. We intend to pay regular quarterly dividends from funds available for distribution.
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IPO News for Fortress Transportation and Infrastructure Investors LLC
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IPO Data
IPO File Date 01/03/2014
Offer Price $17.00
Price Range $19.00 - $21.00
Offer Shares (mm) 20.0
Deal Size ($mm) $340
IPO Data
IPO Date 05/14/2015
Offer Price $17.00
Price Range $19.00 - $21.00
Offer Shares (mm) 20.0
Deal Size ($mm) $340
Underwriters
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Company Data
Headquarters New York, NY
Founded 2011
Employees 131
Website www.ftandi.com