In 2019, we acquired Genesee & Wyoming (G&W), a leading short haul operator with a network of over 22,000 km of track across the U.K. and North America. G&W owns or leases 116 freight railroads worldwide organized in locally managed operating regions with 7,300 employees serving over 3,000 customers. The North American rail business is highly resilient with significant business segment diversification across 14 major commodity groups.

In 2009, as part of the restructuring of Babcock & Brown Infrastructure, we acquired a regulated U.K. distribution business connecting homes to the main utility grid. In 2012, we acquired another company in the U.K. and merged the two operations. We have since achieved considerable growth through operational improvements and the addition of product lines. This is a formidable utility franchise in a highly sought-after jurisdiction.

In 2021, we acquired Inter Pipeline, a strategic long-haul pipeline network with interests in petrochemical facilities and bulk storage assets. Inter Pipeline is a major petroleum transportation and natural gas liquids processing business based in Alberta, Canada. Inter Pipeline owns and operates energy infrastructure assets in Western Canada including the Heartland Petrochemical Complex.