Trailer Leasing Company TIP Sold for Undisclosed Sum
10th May 2018
Pan-European trailer leaser TIP Trailer Services is to bought for an undisclosed fee by iSquared, which describes itself as a ‘global infrastructure investment manager’.
Headquartered in Amsterdam and operating in 17 countries, TIP is one of the leading companies in its field in markets across Europe including Germany, the UK, Italy, France, Spain and the Benelux countries, as well as in Canada. It has a fleet of over 66,000 trailers and 86 trailer service centres serving approximately 7,700 customers, including numerous global logistics operators
and retailers.
“Our investment in TIP is the result of a detailed review of global transportation opportunities that provide essential links while benefiting from macro—economic tailwinds,” said Adil
Rahmathulla, Partner of I Squared Capital. “With strong market positions across Europe and a sizeable business in North America, TIP’s global reach is an excellent fit for I Squared Capital. We look forward to working with TIP’s seasoned executive management team and roster of world-class logistics and retail customers to continually deliver essential services and position the business to drive growth across Europe, North America and beyond.”
The buyer says it has over $12 billion of assets under management. focusing on energy, utilities, telecom and transport.