Fortress Transportation and Infrastructure Investors files for a $100 million IPO

By Renaissance Capital,

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Fortress Transportation and Infrastructure Investors, which owns and acquires transportation infrastructure assets and is externally managed by private equity firm Fortress, filed on Friday with the SEC to raise up to $100 million in an initial public offering. The New York, NY-based company, which was formed in 2013 and booked $12 million in sales for the 12 months ended September 30, 2013, plans to list on the NYSE. Fortress Transportation and Infrastructure Investors initially filed confidentially on October 30, 2013. Barclays and Deutsche Bank are the joint bookrunners on the deal. No pricing terms or ticker were disclosed.

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