Premier Trailer Leasing, a provider of trailer leasing and rental assets in the U.S., was acquired by Redwood Capital Investments from Garrison Investment Group.

“We are excited about our new partnership with Redwood. Premier has an experienced, motivated team that has driven tremendous growth over the last several years,” said Jim Aubuchon, Premier’s president and CEO. “Our people, combined with Redwood’s permanent capital base and guidance, will be the catalyst that allows our business to expand in the years to come.”

“We are excited to partner with the Premier management team to build an industry-leading trailer leasing and rental company,” said David Watson, principal of Redwood. “Premier has successfully grown its business over the last several years and is well-positioned to continue to leverage its platform.”

Wells Fargo Securities served as exclusive financial advisor and Kirkland & Ellis served as legal advisor to Redwood in conjunction with this acquisition. Wells Fargo Bank arranged a senior secured credit facility to fund a portion of the acquisition. Evercore served as exclusive financial advisor and Paul Hastings and Scudder Law Firm served as legal advisors to Premier and Garrison in connection with the transaction.

Premier has more than 32,000 units and 27 branches located in 20 different states. Premier’s fleet is comprised of new and late model air ride vans, flatbeds, chassis, refrigerated units, spring ride vans, as well as specialized flatbeds.

Redwood is a private investment company for the founders of Allegis Group.