FTAI Infrastructure: brands it owns and its ownership tree
FTAI Infrastructure (NASDAQ: FIP) is a publicly listed company headquartered in New York, United States that owns 2 consumer brands.[1][2]
FTAI Infrastructure Inc. says in its FY2025 10-K that it acquires, develops and operates infrastructure for the transportation, energy and industrial products industries across four lines: railroad, ports and terminals, power and gas, and sustainability and energy transition. The railroad business, which made up 34 percent of 2025 revenue, comprises Transtar (100 percent bought from U.S. Steel by FTAI on 28 July 2021) and The Wheeling Corporation (100 percent purchased on 25 August 2025 for $1.05 billion). The company was formed in 2021 as a subsidiary of FTAI Aviation Ltd. and trades on Nasdaq as FIP.
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Company facts
- Legal name
- FTAI Infrastructure Inc. (also FTAI Infra)
- Type
- publicly listed company · see all publicly listed company owners
- Headquarters
- 🇺🇸 New York, United States
- Tickers
- NASDAQ: FIP
- Revenue
- $502.5 million (2025)[2]
- SEC CIK
- 0001899883
- Last verified
- · 2 sources
What FTAI Infrastructure's annual report says about its business
Read from FTAI Infrastructure's latest annual filing[1]. Each line gives the sentence the filing uses, copied word for word.
Segments the filing names
- Railroad, Jefferson Terminal, Repauno, Power and Gas, Sustainability and Energy Transition:
We have five reportable segments: (i) Railroad, (ii) Jefferson Terminal, (iii) Repauno, (iv) Power and Gas, and (v) Sustainability and Energy Transition, which all operate in the infrastructure sector (see Note 17).
Acquisitions and disposals named in the filing
- Acquired: Transtar (July 28, 2021), $640.0 million.
On July 28, 2021, FTAI completed the purchase of 100% of the equity interests of Transtar, which was a wholly owned short-line railroad subsidiary of USS, for a cash purchase price of $640.0 million, subject to certain customary adjustments set forth in the Transtar Purchase Agreement (the "Transtar Acquisition").
- Acquired: Wheeling (August 25, 2025), $1.05 billion.
On August 25, 2025, we completed the purchase of 100% of the issued and outstanding capital stock of Wheeling, for a purchase price of $1.05 billion, subject to certain customary adjustments set forth in the stock purchase agreement (the "Wheeling Acquisition"), and, after receiving U.S. Surface Transportation Board (the "STB") approval of the transaction, we took full control of Wheeling on December 26, 2025.
- Acquired: Repauno (During 2016).
During 2016, through Delaware River Partners LLC ("DRP"), a consolidated subsidiary, FTAI purchased the assets of Repauno, which consisted primarily of land, a storage cavern, and riparian rights for the acquired land, site improvements and rights.
- Acquired: Long Ridge Energy & Power (During 2017).
During 2017, through Ohio River Partners Shareholder LLC ("ORP"), a consolidated subsidiary, FTAI purchased 100% of the interests in the assets of Long Ridge Energy & Power LLC ("Long Ridge"), which consisted primarily of land, buildings, railroad track, docks, water rights, site improvements and other rights.
- Acquired: GM-FTAI Holdco LLC (September 2021), $52.5 million.
In September 2021, FTAI acquired 1% of the Class A shares and 50% of the Class B shares of GM-FTAI Holdco LLC for $52.5 million.
- Acquired: FYX (March 2023), $4.4 million.
In March 2023, we purchased the remaining non-controlling interest of FYX from an affiliate of our Manager for a purchase price of $4.4 million.
- Acquired: Clean Planet Group (December 22, 2025).
On December 22, 2025, we sold our investment in Clean Planet USA and acquired a new investment in Clean Planet USA's parent company, Pyroplast Energy LTD ("Clean Planet Group").
- Sold or exited: investment in Clean Planet USA (December 22, 2025).
On December 22, 2025, we sold our investment in Clean Planet USA and acquired a new investment in Clean Planet USA's parent company, Pyroplast Energy LTD ("Clean Planet Group").
FTAI Infrastructure in numbers
- FTAI Infrastructure owns 2 consumer brands tracked here across 1 top-level categories; the largest is travel & transport with 2 brands.[1]
FTAI Infrastructure financial history
Headline figures from FTAI Infrastructure's annual reports filed with the US Securities and Exchange Commission, in USD as reported, fiscal years ending 2020–2025. Revenue moved from $68.6m to $502.5m, an average of 48.9% a year (calculated).
| Fiscal year ended | Revenue | Operating income | Operating margin | Net income | Total assets | Long-term debt | Filing |
|---|---|---|---|---|---|---|---|
| $502.5m | — | — | $-152,054,000 | $5.75bn | $3.71bn | 10-K | |
| $331.5m | — | — | $-266,064,000 | $2.37bn | $1.54bn | 10-K | |
| $320.5m | — | — | $-159,750,000 | $2.38bn | $1.34bn | 10-K | |
| $262m | — | — | $-187,517,000 | $2.48bn | $1.23bn | 10-K | |
| $120.2m | — | — | $-106,341,000 | $2.44bn | $718.6m | 10-K | |
| $68.6m | — | — | $-71,723,000 | — | — | 10-K |
Source: SEC XBRL company facts. A dash means the company did not report that line in a form we could read. Figures for a year can be restated in a later filing; the latest filing's number is shown.
Everything FTAI Infrastructure owns
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
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Brand portfolio by category
Recent changes to this record
FTAI Infrastructure SEC filings
The documents behind the figures on this page, as listed in the SEC's EDGAR index. Each links to the filing itself.
Annual reports
- Annual report, filed (10-K)
- Annual report, filed (10-K)
- Annual report, filed (10-K)
- Annual report, filed (10-K)
Proxy statements
- Proxy statement, filed (DEF 14A)
- Proxy statement, filed (DEF 14A)
- Proxy statement, filed (DEF 14A)
Recent current and quarterly reports
| Filed | Form | What it declares |
|---|---|---|
| 8-K | Entry into a material agreement; Regulation FD disclosure | |
| 10-Q | Quarterly report | |
| 8-K | Results of operations and financial condition | |
| 8-K | Entry into a material agreement; Creation of a direct financial obligation | |
| 8-K | Results of a shareholder vote | |
| 10-Q | Quarterly report | |
| 8-K | Results of operations and financial condition | |
| 8-K | Entry into a material agreement; Regulation FD disclosure | |
| 8-K | Change in certifying accountant | |
| 8-K | Entry into a material agreement; Termination of a material agreement; Results of operations and financial condition | |
| 8-K | Regulation FD disclosure; Other events | |
| 10-Q | Quarterly report | |
| 8-K | Results of operations and financial condition |
Frequently asked questions
What brands does FTAI Infrastructure own?
FTAI Infrastructure owns 2 consumer brands tracked here, including Transtar and Wheeling & Lake Erie Railway.
Is FTAI Infrastructure an American company?
Yes. FTAI Infrastructure is headquartered in New York, United States.
Who owns FTAI Infrastructure?
FTAI Infrastructure is a publicly listed company owned by its shareholders; it trades as FIP on the NASDAQ.
Sources (2) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] FTAI Infrastructure Inc. Annual Report on Form 10-K filed 2026-03-16 — SEC EDGAR, SEC Form 10-K, published 16 March 2026; retrieved 5 October 2026.
- [2] FTAI Infrastructure Inc.: Form 10-K for the year ended 2025-12-31 (revenue) — SEC EDGAR, SEC Form 10-K, published 16 March 2026; retrieved 5 October 2026.
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