CORP Home Knowledge and news News Tip allowed to proce.. Back TIP receives No-Action Letter from Competition Bureau Canada regarding the acquisition of Trailer Wizards AMSTERDAM, 19 November 2019 - TIP Trailer Services, a portfolio company of I Squared Capital, has received a No-Action Letter from Competition Bureau Canada allowing them to proceed with the acquisition of Trailer Wizards Ltd., a leading supplier of trailer rental and leasing services in Canada. This follows the announcement of the proposed acquisition on 4 September 2019. As a result, the closing date for the acquisition is now expected to be in January 2020. The acquisition of Trailer Wizards will make TIP one of the leading trailer service providers in Canada, further diversifying its geographic footprint, expanding its service offering and broadening its customer base. TIP first expanded from Europe into Canada in 2016 with the purchase of Train Trailer. The acquisition of Trailer Wizards will add 21 locations, over 400 employees and a diversified fleet of over 23,000 units in Canada. At the closing of the acquisition Train Trailer Rentals and Trailer Wizards will both be part of the TIP Group and will be fully integrated over time. TIP Updates Receive important TIP updates! Fill in the field below with your email to receive latest information from TIP in the future Subscribe By submitting this form, I agree that TIP will process my data according to TIP's privacy policy.