Description of Transaction
Sequeira Partners was engaged by Trailer Wizards to assist with the divestiture of the business. The Sequeira team advised Trailer Wizards through a sale process including initial valuation, running the sales process, preliminary negotiations, pricing, due diligence, and negotiation of final transaction terms.
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.
Founded in 1963, Trailer Wizards is Canada’s largest national commercial trailer rental, leasing, sales, service, parts, and storage company with over 23,000 trailers. Today, Trailer Wizards has 21 locations spanning Canada coast-to-coast including 14 fully staffed customer care centres. For more information, please visit: https://trailerwizards.com
TIP is a large European and Canadian equipment service provider specializing in trailer leasing, rental, maintenance and repair, as well as other value-added services to transportation and logistics customers across Europe and Canada. Headquartered in Amsterdam, TIP services its customers from 102 locations spread over 17 countries in Europe and Canada. For more information, please visit: https://www.tipeurope.com
TIP Trailer Services is a portfolio company of I Squared Capital. 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.