TIP Trailer Services, a European provider of transport equipment leasing, finalized the purchase of Train Trailer, a Canadian provider of trailer rentals, leasing and storage.

Train Trailer was founded in 1971 and has strategic locations in Mississauga, ON (Toronto); Calgary, AB; Cornwall, ON and Montreal.

According to Rick Kloepfer, who will continue as president of Train Trailer, “It will be business as usual for our customers and our spirited team members. With the resources of TIP Trailer Services behind us, I see many exciting opportunities in front of us for future growth and expansion.”

“Train Trailer has an excellent reputation in Canada with facilities in Quebec, Ontario and Alberta. We saw it as an excellent opportunity to expand our services into the Canadian market. Train Trailer is currently the second largest semi-trailer rental, lease and storage company in Canada and maintains a leadership position in the diversification of its fleet,” said Bob Fast, president and CEO of TIP Trailer Services. “I feel confident that our proven industry knowledge and professionalism can only enhance the company’s position in Canada.”

Founded in 1968 and headquartered in Amsterdam, TIP specializes in trailer leasing, rental, maintenance and repair as well as other value added services and provides these to transportation and logistics customers across Europe.