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Mubadala, QIA invest US$600 mn in full-service trailer lessor TEN

Writer's picture: Team CargoTalkTeam CargoTalk


I Squared Capital, an independent global infrastructure investment manager, has announced it has raised over US$600 million from Mubadala Investment Company (Mubadala), the Abu Dhabi sovereign investor, Qatar Investment Authority (QIA) and others for Transportation Equipent Network (TEN). 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. The combined group provides services, including integrated leasing, maintenance, advanced technological solutions, consultation services and innovative fleet electrification offerings across numerous industry verticals.

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