TIP Trailer Services signs contract to acquire Trailer Wizards.
International Resource News-September 11, 2019--TIP Trailer Services signs contract to acquire Trailer Wizards
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International Resource News - 11 September 2019
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TIP Trailer Services, a portfolio company of I Squared Capital, has signed a contract to acquire Trailer Wizards Ltd., a supplier of trailer rental and leasing services in Canada.
The company first expanded from Europe into Canada in 2016 with the purchase of Train Trailer. The acquisition of Trailer Wizards will add 21 locations, more than 400 employees and a diversified fleet of more than 23,000 units in Canada.
After this deal, TIP's Canadian division will have an integrated fleet of more than 33,000 trailers, reefers, chassis and flatbed/drop-deck configurations. The firm will employ a staff of more than 500 people, including around 300 mechanics, throughout almost 30 locations in Canada from Prince Edward Island to British Columbia. The deal is subject to customary closing conditions and regulatory approvals.
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|Publication:||International Resource News (IRN)|
|Date:||Sep 11, 2019|
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