Stonebriar Commercial Finance (SCF) announced it has entered into an agreement with The Greenbrier Companies Inc. to purchase 3,000 new railcars. The order is comprised of a mix of tank and freight cars that deliver over a four-year period, beginning in May 2020.

“Our order will ensure we can provide an on-going supply of cost-competitive railcars to our growing customer base,” said Jeff Wilkison, who oversees SCF’s rail leasing platform.

Under the terms of the agreement, Greenbrier will deliver 750 railcars in 2020, with the remaining 2,250 cars delivering 2021 through 2023. Wilkison continued, “The timing of this order is consistent with our expectation of continued demand among select car types.”
 
SCF provides full service and net operating leases to shippers and railroads throughout North America on a wide range of rail car types.

Dave B. Fate, CEO of SCF, noted, “We are pleased to partner with Greenbrier, who’s design capability and manufacturing quality will enable SCF to provide its customers with reliable performance and a broad range of car types to fit their specific shipping needs.”

Brian Comstock, Greenbrier Executive Vice President, Sales & Marketing, said, “We appreciate SCF’s confidence in Greenbrier and look forward to meeting its railcar needs for years to come.”
   
Stonebriar, an Eldridge Industries portfolio company based in Plano, TX, is a leading provider of financing solutions for businesses in a wide variety of industries, of various sizes and credit profiles. Stonebriar leases and finances assets located primarily in North America and select other jurisdictions worldwide currently through five distinct platforms—General Equipment, Aviation Capital, Rail Leasing, Real Estate and Sponsor Finance.