Marubeni Acquires Canadian Trailer Rental and Leasing Company, Train Trailer Rentals, Ltd.
Marubeni America Corporation
Sep 5, 2007
Marubeni America Corporation (“MAC”) announced that is has acquired 100% equity ownership of Train Trailer Rentals, Ltd. (“TTRL”), a Mississauga, Ontario based trailer rental, leasing and service company from TTRL’s founders.
TTRL has been the leading choice of Hire Trucking and Private Motor Carrier Industry for dry vans, refrigerated trailers and container chassis in Canada for more than 35 years, resulting from its commitment to supplying the highest quality and most dependable equipment for either short term rentals or long term leases. TTRL’s strategically located, full service facilities in Mississauga, Ontario and Calgary, Alberta, enable it to provide high quality maintenance and repairs and fast over-the-counter parts sales to its nationwide customer base.
MAC has a long history of commitment to the leasing industry in North America, and currently owns several leasing companies including a specialty vehicle lessor and a railcar lessor.
With its acquisition of TTRL, MAC has positioned itself to become a leading provider of leasing solutions to the cold supply chain market in Canada as it did in the U.S. with its subsidiary there, PLM Trailer Leasing (“PLM”). PLM is the leading company in reefer operating leasing business in U.S. MAC will enjoy the synergies derived from the increased purchasing power and operational efficiencies between TTRL and PLM as it expands its North American trailer leasing operations.
With its acquisition of TTRL, as well as other recent acquisitions, MAC has strengthened its position as a leasing industry leader.
<Profile of Train Trailer Rentals, Ltd.>
Headquarters: Mississauga, Ontario, Canada
President: Mr. Chris Tolley
Number of Employees: 56
Business: Renting, leasing and servicing freight trailers and container chassis.
Annual Sales: CDN$22 Million