M&A Deal Summary

I Squared Capital Acquires FlexiVan

On January 27, 2020, infrastructure investor I Squared Capital acquired transportation company FlexiVan

Acquisition Highlights
  • This is I Squared Capital’s 1st transaction in the Transportation sector.
  • This is I Squared Capital’s 4th transaction in the United States.
  • This is I Squared Capital’s 1st transaction in Arizona.

M&A Deal Summary

Date 2020-01-27
Target FlexiVan
Sector Transportation
Buyer(s) I Squared Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

FlexiVan

Scottsdale, Arizona, United States
FlexiVan is an intermodal chassis leasing service in North America. It manages over 120,000 units in over 100 active locations across the country and has nine owned and operated service centers providing easy access to chassis maintenance services. Leasing options range from chassis pool user agreements and managed fleets, to short- and long-term contracts with motor carriers, logistics providers, ocean carriers and beneficial cargo owners. Meanwhile, to facilitate the daily leasing and dispatching process, FlexiVan per diem rentals are supported by FlexiVan’s streamlined ChassisNow.com booking system. FlexiVan was founded in 1955 and is based in Scottsdale, Arizona.

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Buyer(S) 1

DESCRIPTION

I Squared Capital is a global infrastructure investment manager focusing on energy, utilities, and transportation assets in North America, Europe, and select high growth economies. I Squared Capital was established in 2012 and is headquartered in New York City.


DEAL STATS #
Overall 17 of 50
Sector (Transportation) 1 of 5
Type (Buyout (LBO, MBO, MBI)) 6 of 20
State (Arizona) 1 of 1
Country (United States) 4 of 14
Year (2020) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-27 American Intermodal Management

Scottsdale, Arizona, United States

American Intermodal Management is bringing supply chain optimization and vendor management to the forefront of the shipping marketplace using superior equipment as the technological vessel. The company is looking to reshuffle the priorities of the international shipper by combining old-school knowledge and a customer first mentality with new-school analytics and technology. American Intermodal Management was founded in 2016 and is based in Scottsdale, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-30 Tepsa

Paris, France

Tepsa is an independent company specialized in distributing petroleum products (fuel, LPG, etc.) and storing liquid products (petroleum products, chemicals, agro products, fertilizers). Tepsa was formed in 1877 and is based in Paris, France.

Buy -