M&A Deal Summary

ITE Management Acquires Trend

On December 12, 2023, infrastructure investor ITE Management acquired automotive company Trend

Acquisition Highlights
  • This is ITE Management’s 1st transaction in the Automotive sector.
  • This is ITE Management’s 1st transaction in the United States.
  • This is ITE Management’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2023-12-12
Target Trend
Sector Automotive
Buyer(s) ITE Management
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) McCausland Keen + Buckman (Legal)

Target

Trend

Kearny, New Jersey, United States
Trend is a chassis leasing company formed by a group of seasoned intermodal transportation industry professionals. The company provides its customers with multi-loading capacity equipment on a term lease. With a focus on high-touch customer service, it offers alternative leasing solutions to the intermodal industry. Trend is based in Kearny, New Jersey.

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Buyer(S) 1

Buyer

ITE Management

Category Infrastructure
Size Small
Type Sector Agnostic
DESCRIPTION

ITE Management is an investment firm that principally targets industrial and transportation assets and companies, and related industries and services. ITE Management is based in New York City.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Mergr

Product

Company

Legal