Brookfield Infrastructure Partners LP, based in Toronto, has bought Triton International Ltd., a shipping container owner, for $4.7 billion.

Trition provides transportation logistics infrastructure in addition to owning and leasing intermodal containers. The Bermuda-based firm owns more than 7 million container units. Brookfield will pay $85 a share, including $68.50 in cash, according to Bloomberg News. Including debt, the deal is worth $13.3 billion. At completion, Brookfield Infrastructure’s equity investment is expected to be approximately $1 billion, reported Bloomberg.

“This transaction provides Brookfield Infrastructure with a high going-in cash yield, strong downside protection and a platform for growth in the transportation and logistics sector,” says Brookfield Infrastructure chief executive officer Sam Pollock, according to Bloomberg.