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TIP Trailer to Acquire Trailer Wizards to Expand Canadian Fleet
Monday 16 September 2019

16 September 2019 - Amsterdam-based TIP Trailer Services has agreed to acquire Canada-based trailer rental and leasing services provider Trailer Wizards Ltd. to add 21 locations and a diversified fleet in Canada, the company said.
Terms of the transaction were not disclosed.
TIP first expanded from Europe into Canada in 2016 with the purchase of Train Trailer. The acquisition of Trailer Wizards will add over 400 employees and a diversified fleet of over 23,000 units in Canada.
Following the transaction, TIP's Canadian division will have a combined fleet of over 33,000 trailers, reefers, chassis and flatbed/drop-deck configurations.
The company will employ a staff of over 500 people, including approximately 300 mechanics, throughout almost 30 locations in Canada from Prince Edward Island to British Columbia.
TIP, a portfolio company of I Squared Capital, is a European and Canadian equipment service provider specialising in trailer leasing, rental, maintenance and repair, as well as other value-added services to transportation and logistics customers across Europe and Canada.
Trailer Wizards is a national commercial trailer rental, leasing, sales, service, parts, and storage company. Today, Trailer Wizards has 21 locations spanning Canada coast to coast including 14 fully staffed customer care centres.
I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, telecom, transport and social infrastructure in the Americas, Europe and Asia. The firm has offices in Hong Kong, Houston, London, Miami, New Delhi, New York and Singapore.
Details
Date Published: 16/09/2019
Target: Trailer Wizards Ltd
Country: Canada
Sector: Road Transport/Freight Transport
Type: LBO
Financing:
Status: Agreed
Vendor:
Buyer: TIP Trailer Services
Comment:
Terms of the deal were not disclosed

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