has been acquired by
ABOUT THE COMPANY:
OnRamp Trailer Leasing, Inc. (“OnRamp”), a C.R. England subsidiary, is one of the largest dealers of new and used trailers, service and parts west of the Mississippi. With two state of the art facilities – one in Reno, NV, and a second in Salt Lake City, UT, OnRamp holds exclusive distribution rights for several leading brands – such as Wabash, East, Transcraft, Manac, Trail King and Construction Trailer Specialists.
SITUATION:
C.R. England’s subsidiary, Equinox Business Solutions, sought to carveout and divest OnRamp, as it was no longer strategic to its long-term goals.
ENGAGEMENT:
G2 served as the exclusive financial advisor to OnRamp in facilitating a divestiture. Due to G2’s extensive industry network and expertise in transportation and logistic industry, the transaction generated significant interest from a diverse mix of middle-market private equity and strategic investors.
OUTCOME:
The transaction was successfully executed through a sale to Prime Trailer Leasing, based in Colorado. Prime Trailer Leasing rents, leases, sells, buys, and remarkets trailers across the U.S.
DEAL TEAM:
SUB-SECTOR
Fleet Maintenance
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