I Squared to acquire TIP Canada from TIP Group.

I Squared, an independent global infrastructure investment manager, agreed to acquire TIP Canada from TIP Group. Financial terms were not disclosed. "This transaction is a win for our investors and our global transportation franchise. Leveraging I Squared's expertise in platform building, the combination streamlines TEN and TIP's operating footprints, improves purchasing power and clarifies strategic objectives. Trailers play a critical role in complex supply chain networks by meeting customers' needs for operational and contractual flexibility. These are two leaders in their respective markets and combined they represent a very attractive prospect for infrastructure investors," Gautam Bhandari, I Squared Chief Investment Officer and Managing Partner.