STAR LEASING COMPANY, COMMERCIAL TRAILER LEASING, INC., COOLING CONCEPTS, AND NORTH EAST TRAILER SERVICES LEASING ANNOUNCE INTENT TO CHANGE NAME TO TEN (TRANSPORTATION EQUIPMENT NETWORK)

APRIL 5, 2024, OHIO – Star Leasing Company, CTL (Commercial Trailer Leasing, Inc.), Cooling Concepts, and NETS Leasing (North East Trailer Services), portfolio companies of I Squared Capital, announced today their intent to rebrand and change their name to TEN (Transportation Equipment Network). The new name reflects the combined companies’ commitment to industry leading and holistic solutions.

Equipped with decades of knowledge and experience, incredible customer track records, and a sharp perspective on the future of the industry, TEN offers full-service trailer solutions that keep businesses moving forward.

Continuing to expand on their refrigerated fleet offerings, the combined companies are also excited to announce the launch of their dedicated refrigeration sub-brand named TEN Cool. TEN Cool is supported by an experienced team of dedicated specialists who provide customized temperature-controlled solutions to customers throughout the United States.

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I Squared Capital Creates One Of The Largest Full-service Trailer Lessors In The United States

OHIO AND NEW JERSEY- SEPTEMBER 6, 2023: Star Leasing Company, a leading provider of trailer leasing and maintenance services and a portfolio company of I Squared Capital, announced today that it has signed an agreement to combine with Commercial Trailer Leasing (CTL), a full-service trailer lessor with a fleet size of over 19,000 assets serving both national and regional account customers throughout the United States. In conjunction with Star Leasing’s recent combination with North East Trailer Services (NETS), a leading trailer lessor with a fleet of over 10,000 trailers, the combined company will be one of the largest trailer lessors in the United States. The combined fleet size will be approximately 55,000 trailers by year-end with branches in the Northeast, Midwest, Southeastern, and Western regions of the U.S. The combined companies provide a full-suite of services including rentals, maintenance, trailer sales and integrated leasing to its customers, predominantly under long-term contracts.

Read the full press release here.