TIP acquires Nextrailer Rent
AMSTERDAM, 24 December 2021 – TIP Trailer Services, a portfolio company of I Squared Capital and one of the leading trailer leasing, rental, maintenance and repair providers across Europe and Canada, today announces it has signed the agreement to acquire Nextrailer Rent (NEXT-rent). NEXT-rent, a business from Guillén Group, a Spanish equipment service provider and trailer manufacturer. The Wielton Group will take over the trailer manufacturing business of Guillén Group.
TIP will integrate NEXT-rent assets, around 900 trailers, in its existing Spanish business. This puts TIP in a strong position for long-term growth as it further strengthens its position in the Spanish market. The completion of the transaction is expected to take place in January 2022.
Announcing details of this latest acquisition, Bob Fast, TIP President and CEO, said “This acquisition is another key milestone in the growth path of TIP. It will support our asset growth strategy, whilst complementing our existing offering”. Bob continues, “In addition to being a well-established business within the trailer manufacturing sector and rental sector, the acquisition will enable TIP and the Wielton Group to work with new customers, support them with additional trailers and provide the best flexible commercial trailer fleet solutions.”
Jose Luis Guillén, current owner of the Guillén company adds: “With TIP and Wielton we found great partners to guarantee a successful future of our business. With these two partners we are able to bring our operations to the next level and profit from synergies – in the production of trailers with Wielton and for the rental and lease business together with TIP.”
“Through this acquisition, NEXT-rent customers will be able to access the range of services offered by TIP across Europe. Over the next months, both companies will work on the fleet integration to manage a smooth transition with customers and suppliers.” says Gonzalo Elosegui, Director of TIP in Spain. “Also we are glad to welcome the staff of NEXT-rent in the TIP family and are convinced that they will play a pivotal role the successful integration of the company in TIP.”
NEXT-rent is based in Valencia close to the largest harbour in the country and provides customers across Spain with leasing and rental services. TIP’s Spanish division will have a combined fleet of over 2200 trailers, curtainsiders, vans, reefers and chassis configurations.
About TIP Trailer Services
Headquartered in Amsterdam, the Netherlands, TIP is one of Europe and Canada’s leading equipment service providers, specialising in trailer leasing, rental, maintenance and repair, as well as other value-added services and provides these to transportation and logistics customers across Europe and Canada. TIP services customers from more than 120 locations spread over 18 countries in Europe and Canada. For more information, please visit our website or follow us on LinkedIn.
