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ISquareI Squared portfolio companies Transportation Equipment Network (“TEN”) and TIP Canada combine operations; now the second largest full-service trailer lessor in North America

  • The transaction consolidates TEN’s North American footprint; TIP Group to focus exclusively on its core European business

Miami, 15 April 2024 - I Squared Capital, a leading independent global infrastructure investment manager, today announced a transaction to combine the North American operations of two of its portfolio companies.

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What is the current health of the trucking industry in your province?

DAVE EARLE – The trucking industry in British Columbia is currently facing a challenging time due to several factors. One of the leading causes of the industry’s downturn is the significant contraction in the forestry industry, which historically has been one of the essential sources of demand for trucking services in the province. 

Furthermore, there has been a general decrease in the overall demand for transportation services in the province, primarily due to the completion of important infrastructure projects. This has reduced the need for transportation-related services, further compounding the issues faced by the trucking industry in BC.

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