M&A Deal Summary

I Squared Capital Acquires Star Leasing

On March 24, 2021, infrastructure investor I Squared Capital acquired transportation company Star Leasing

Acquisition Highlights
  • This is I Squared Capital’s 1st transaction in the Transportation sector.
  • This is I Squared Capital’s 6th transaction in the United States.
  • This is I Squared Capital’s 1st transaction in Ohio.

M&A Deal Summary
Date 2021-03-24
Target Star Leasing
Sector Transportation
Buyer(s) I Squared Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Ice Miller (Legal)

Target

Star Leasing

Columbus, Ohio, United States
Star Leasing is a provider of rentals, leasing, maintenance, and trailer sales. Star’s overall objective is to serve as a solution for all customers’ semi-trailer needs, whether that be for rental, leasing, maintenance/repair (on both Star rental/lease trailers as well as a customer’s company-owned trailers), as well as the purchase and sale of new and used trailers. Star’s current resources for serving customers’ maintenance needs includes a total of 57 service bays across its current branch shop locations, in addition to a fleet of 54 mobile service trucks for on-site maintenance. Star Leasing is based in Columbus, Ohio.

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Buyer(S) 1

Buyer

I Squared Capital

Investor Investor Investor

Category Infrastructure
Founded 2012
Size Small
Type Sector Focused
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 16 of 26
Sector (Transportation) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 3 of 7
State (Ohio) 1 of 1
Country (United States) 6 of 11
Year (2021) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-14 Atlantic Power

Dedham, Massachusetts, United States

Atlantic Power Corp. is a power generation and infrastructure company with a well-diversified portfolio of assets in the United States and Canada. Atlantic Power was formed in 2004 and is based in Dedham, Massachusetts.

Buy $961M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-29 Ezee Fiber

United States

Ezee Fiber is a digital infrastructure platform to invest in fiber networks in growing and underserved U.S. markets.

Buy -
Mergr

Product

Company

Legal