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  6. I Squared Capital Acquires Transportation Equipment Network

M&A Deal Summary

I Squared Capital Acquires Transportation Equipment Network

On March 24, 2021, infrastructure investor I Squared Capital acquired business services company Transportation Equipment Network

Acquisition Highlights
  • This is I Squared Capital’s 2nd transaction in the Business Services 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 Transportation Equipment Network
Sector Business Services
Buyer(s) I Squared Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Ice Miller (Legal)

Target

Transportation Equipment Network

Dublin, Ohio, United States
Transportation Equipment Network is a provider of rentals, leasing, maintenance, and trailer sales. Transportation Equipment Network’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. Transportation Equipment Network is based in Dublin, Ohio.

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Buyer(S) 1

Buyer

I Squared Capital

Investor Investor 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 24 of 53
Sector: Business Services M&A 2 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 10 of 20
State: Ohio M&A 1 of 1
Country: United States M&A 6 of 16
Year: 2021 M&A 3 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-14 Atlantic Power

Dedham, Massachusetts, United States

Atlantic Power 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
2021-07-23 Sociedad Portuaria Regional de Barranquilla

Barranquilla, Colombia

Sociedad Portuaria Regional de Barranquilla is a port terminal operator in Colombia, including the port in Barranquilla, the largest city on the Atlantic coast of the country. Sociedad Portuaria Regional de Barranquilla is based in Barranquilla, Colombia.

Buy $220M
Mergr

Solution for

Product

Company

Legal