Tip Trailer Services To Acquire The Trailer Leasing And Maintenance Business Of Ryder Ltd
Acquiring Company
TIP Trailer Services
Acquired Company
Ryder System
Coral GablesManufacturingSoftwareTransportationLogisticsDescription
TIP Trailer Services, a portfolio company of I Squared Capital through its ISQ Global Infrastructure Fund II, and a leading trailer leasing, rental, maintenance and repair provider across Europe and Canada, has signed an agreement with Ryder (NYSE: R), to acquire the trailer leasing and maintenance business of Ryder Ltd in the UK.1 TIP will integrate the Ryder assets and contracts into its existing business, increasing its fleet with approximately 3,550 additional trailers and expanding its workshops in the UK to eighteen. Many of the maintenance services employees are mobile technicians, who will enhance TIP’s maintenance and repair capabilities.
Quick answer
TIP Trailer Services is acquiring Ryder System, announced April 25, 2022.
- How much did TIP Trailer Services pay for Ryder System?
- The deal value was not disclosed.
- What does TIP Trailer Services do?
- Headquartered in Amsterdam, the Netherlands, TIP is one of Europe and Canada’s leading equipment service providers, specializing in trailer leasing, rental, maintenance and repair, as well as other value-added services..
- Where are TIP Trailer Services and Ryder System based?
- Ryder System is based in Coral Gables, Florida, United States.
Source: Fundz verified event record.
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Who to call at TIP Trailer Services, and when
When TIP Trailer Services changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Ryder System?
Ryder System was acquired by TIP Trailer Services. The deal was reported on April 25, 2022. TIP Trailer Services is privately held and operates in Manufacturing.
When did TIP Trailer Services acquire Ryder System?
TIP Trailer Services's acquisition of Ryder System was reported on April 25, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Ryder System do?
Ryder System, Inc. is a global logistics and transportation company founded in 1933 in Miami, Florida. It started as a single-truck operation and has grown into a multi-billion dollar enterprise with over 50,000 employees. It is publicly traded (R), operating in Transportation, and is based in Coral Gables.
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