Brookfield Infrastructure’s cash-and-stock deal to acquire the Bermuda-based company is expected to close by the end of 2023. Triton leases containers and related equipment to shipping lines—mainly for dry goods, but also liquid tanks, refrigerated versions and racks that let large odd-sized items be moved like standard freight units. Its roughly 7.2 million 20-foot-equivalent units equal about twice the quantity of containers that pass through the Port of Vancouver each year. (The Logic)

Talking point: Triton faced headwinds in 2022 as supply chains complicated by COVID-19 normalized and shipping lines rationalized their container leases. But in a statement on the planned acquisition, Brookfield Infrastructure CEO Sam Pollock called it “an attractive business with highly contracted and stable cash flows, strong margins and a track record of value creation.” Despite paying a 35 per cent premium on Triton’s share price, Toronto-based Brookfield is betting on further growth in shipping demand; it intends to invest more capital in expanding Triton’s business, its statement said.