TIP Trailer Services Group has acquired Train Trailer Rental Ltd, a Canadian provider of trailer rentals, leasing and storage. No financial terms were released. TIP Trailer Services, a European transport equipment leasing, rental and service solutions company based in Amsterdam, said the deal will help it expand into the Canadian market. The business, formerly a subsidiary of GE Capital, was bought in October 2013 by China’s HNA Group Co Ltd and Bravia Capital, a Hong Kong private equity firm.
TIP Trailer Services acquires Canadian Owned, Train Trailer
August 05, 2016
TIP Trailer Services, one of Europe’s leading providers of transport equipment leasing, rental and service solutions announced today that it has finalized the purchase of Train Trailer, a Canadian market leader that provides trailer rentals, leasing and storage, owned by industry pioneer Richard Gladden, Train trailer was founded in 1971 and has built a strong history of exemplary customer service.
According to Rick Kloepfer, who continues as President of Train Trailer, “It will be business as usual for our customers and our spirited team members. With the resources of TIP Trailer Services behind us, I see many exciting opportunities in front of us for future growth and expansion”.
Bob Fast, President and CEO of TIP Trailer Services states “Train Trailer has an excellent reputation in Canada with facilities in Quebec, Ontario and Alberta. We saw it as an excellent opportunity to expand our services into the Canadian market. Train Trailer is currently the second largest semi-trailer rental, lease and storage company in Canada and maintains a leadership position in the diversification of its fleet. I feel confident that our proven industry knowledge and professionalism can only enhance the company’s position in Canada.”
Train Trailer was founded in 1971 and is known for offering customers more choice in equipment types and trailer leasing and rental programs. With strategic locations in Mississauga (Toronto), Calgary, Cornwall and Montreal, Train Trailer has extended its reach to serve customers across Canada. For more information, please visit their website at www.traintrailer.com
TIP Trailer Services is one of Europe’s leading equipment service providers. Founded in 1968, TIP specializes in trailer leasing, rental, maintenance and repair as well as other value added services and provides these to transportation and logistics customers across Europe. Headquartered in Amsterdam, TIP services its customers from over 70 locations in Europe, spread over 16 countries. With approximately 50,000 units in its fleet, TIP Trailer Services is considered an industry leader with one of the largest and most diverse fleets in Europe. For more information, please visit their website at www.tipeurope.com.
Photo courtesy of Train Trailer