Deals
Fortress Seeks $1 Billion for Transportation Firm Trac
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Fortress Investment Group LLC is exploring a sale of transportation equipment company Trac Intermodal LLC, according to people with knowledge of the matter.
Trac, which describes itself as the largest marine chassis provider in the U.S., could fetch about $1 billion including debt, said one of the people, who asked not to be identified because the matter is private.