Company Overview Visit gatx.com website
GATX's history is an inspiration for entrepreneurs who are looking to start their own logistics company. The founder, Albert Kaufman originally started out as a cattle wholesaler in Ohio before starting his first business venture with the purchase of the South Chicago City Railway Company - which at the time was being held by creditors. After acquiring it, Kaufman died shortly after due to Typhoid fever but had established himself as someone who found opportunity where others saw none. Under Kaufman's widow, Bertha she expanded into railcar manufacturing and eventually began selling tanks during WWI- which marked the companies transition into the bulk liquid transportation industry .
The company has maintained its position as one of North America's leading tank storage terminal operators for over 100 years now. GATX's global reach is vast with offices in over 30 countries and the company operates tank terminals in North America, South/Central America, Europe/Eurasia, Africa/Asia Pacific. GATX has become a truly diverse company which provides transportation services for bulk liquid storage markets; where they store fuel when it's not being used (ie: during the winter when demand is low) or when there are supply disruptions.
GATX was recently purchased in 2011 by Oaktree Capital Management LP for 8 billion dollars- putting it under US investment management firm, Oaktree Capital Management LP.