Announced
Financials
Tags
Cross Border
transportation
Ireland
Private
trucks
United Kingdom
Trucking
Acquisition
Majority
Friendly
Pending
Private Equity
Synopsis
I Squared Capital-backed TIP Trailer Services, an equipment service providers, specialising in trailer leasing, rental, maintenance and repair, agreed to acquire the trailer leasing and maintenance business of Ryder, an American transportation and logistics company. Financial terms are not disclosed. "Acquiring the trailer leasing and maintenance business of Ryder is another key milestone in our growth path. It increases our UK and Ireland footprint, allowing us to improve service offering and infrastructure in areas where we have gaps today. It will increase our service offering to customers, expand and diversify our customer base in the UK," Bob Fast, TIP President and CEO.
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