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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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ALBERTA

More than 500 projects across Alberta will enhance and expand roads and bridges and support water management infrastructure. The wide-ranging work will improve connections between communities, promote safer travel, increase flood mitigation and strengthen key economic corridors.

Minister of transportation Brian Mason says, “We are continuing to make significant investments in the transportation needs of this province. Our goal is to ensure Albertans are able to get from one place to another in a safe and efficient way. Through this construction season, I ask motorists for their understanding and patience if there are inconveniences in their travels.”

The province is investing more than $6 billion over five years to build transportation and water infrastructure, which will support an estimated 18,000 jobs and ensure Alberta’s economic recovery is built to last.

With construction underway on many projects across Alberta, and many more to come, road users are reminded that safety is a shared responsibility. It is important to drive safely, obey speed limits and all road signals, and watch for workers in construction zones.

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