Global infrastructure investment manager I Squared Capital, through its ISQ Global Infrastructure Fund III, is to acquire Rentco, a leading transport equipment leasing company in Australia providing flexible equipment rental options.
I Squared has committed a further AUD300 million to promote Rentco’s growth across the country and pursue new trailer leasing opportunities.
I Squared existing global leasing platforms includes FlexiVan, TIP Trailer Services, and Star Leasing. Following the transaction, I Squared Capital’s global transport and logistics portfolio will have over 264,000 trailers or chassis and 14,423 workshops with 3,700 employees in over 20 countries.
Rentco is part of I Squared Capital’s strategy of expanding its presence in Australia and complements its other portfolio companies: Clean Energy Fuels Australia, a West Australia-based industrial decarbonisation platform supporting off-grid miners and remote communities in reducing their carbon footprints, and Soilco, an organic waste processor generating high quality soil health products and supporting the circular economy along Australia’s east coast.
