TIP Completes Trailer Wizards Deal in Canada

TIP Trailer Services says it has completed the acquisition of Trailer Wizards, a leading supplier of trailer rental and leasing services in Canada. This follows last September’s announcement on the signing of the agreement for the acquisition.

Following the acquisition, TIP will integrate Trailer Wizards with its existing Canadian business, Train Trailer Rentals.

path of TIP,” said Bob Fast, President and CEO of TIP Trailer Services. “By joining the teams of Trailer Wizards and Train Trailer Rentals, we can provide the best in flexible commercial trailer fleet solutions and pursue growth opportunities for the combined businesses. We intend to invest to develop our longstanding customer relationships with world-class transport, logistics, and retail customers in Canada.”

TIP’s Canadian division will have a combined fleet of over 33,000 trailers, reefers, chassis and flatbed or drop-deck configurations. The combined business will employ over 500 people, including approximately 300 mechanics, throughout almost 30 locations in Canada from Prince Edward Island to British Columbia.