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New Deal


Announced

I Squared-backed Star Leasing to acquire Commercial Trailer Leasing and North East Trailer Services.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Majority

Friendly

Transportation Services

Domestic

Private

Private Equity

Pending

Single Bidder

United States

trailer lessor

Synopsis

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I Squared-backed Star Leasing, a provider of trailer leasing and maintenance services, agreed to acquire Commercial Trailer Leasing and North East Trailer Services, two trailer lessors. Financial terms were not disclosed. “We are thrilled to welcome CTL and NETS to the Star Leasing family. These acquisitions mark a significant milestone in our growth journey and will enhance our ability to deliver best-in-class trailer leasing services to our combined customer base,”Steve Jackson, Star Leasing CEO.

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