Miami / Doha / Abu Dhabi: I Squared Capital, a leading independent global infrastructure investment manager, today announced that it has raised in excess of $600 million from QIA, Mubadala and other co-investors for Transportation Equipment Network (“TEN”).
TEN is North America’s second largest full-service trailer lessors with a combined fleet of over 83,000 trailers with locations across most major logistics hubs.
Trailers play a critical role in complex supply chain networks by meeting customers’ needs for operational and contractual flexibility. TEN is North America’s second largest full-service trailer lessors with a combined fleet of over 83,000 trailers with locations across most major logistics hubs.
TEN is equipped to provide services such as integrated leasing, maintenance, advanced technological solutions, consultation services and innovative fleet electrification offerings across numerous industry verticals.
This investment demonstrates QIA’s commitment to the US as a long-term and supportive investor, actively investing in industry leaders and key sectors such as supply chain networks and logistics to boost efficiency, accessibility, and growth.
Mohammed Al-Sowaidi, Chief Investment Officer for Americas at QIA, said: “This investment is part of QIA’s strategy to invest in, and partner with, the leading companies in critical sectors such as supply chain networks, logistics and warehouses globally.”
