I Squared Capital Acquires Star Leasing Company

Star Leasing (I Squared Capital Portfolio) Acquires Cooling Concepts

May 9, 2022

Logistics & Distribution

Star Leasing Company, a portfolio company of I Squared Capital, has acquired Cooling Concepts, LLC, a refrigerated semi‑trailer leasing company serving customers in over 30 U.S. states. The acquisition expands Star’s refrigerated trailer fleet, geographic footprint and product offerings (rentals, leasing, maintenance and trailer sales) and is accretive to its core business as part of I Squared’s larger transport and cold‑chain platform.

I Squared-backed Star Leasing Combines with Commercial Trailer Leasing and North East Trailer Services

September 6, 2023

Transportation

Star Leasing Company, a portfolio company of I Squared Capital, has signed an agreement to combine with Commercial Trailer Leasing (CTL) and North East Trailer Services (NETS). The combination creates one of the largest full-service trailer lessors in the United States with an expected combined fleet of approximately 55,000 trailers and expanded national coverage.

Penske Truck Leasing Acquires Star Truck Rentals, Inc.

April 26, 2023

Trucking & Fleet

Penske Truck Leasing agreed to acquire Star Truck Rentals, Inc., a Michigan-based transportation services company that offers full-service leasing, commercial truck rental, contract maintenance and used truck sales. The acquisition adds Star’s ~1,900 vehicles and 18 locations across Michigan and Indiana to Penske’s network; financial terms were not disclosed and the transaction was expected to close in Q2 2023 subject to customary approvals.

Brightstar Capital Partners Acquires Novae Corp.

December 22, 2021

Manufacturing

Brightstar Capital Partners, a New York-based private equity firm, completed its acquisition of Novae Corp., a Markle, Indiana-headquartered trailer manufacturer, in partnership with Novae founder and senior management who retain significant ownership. Novae operates six trailer brands across 15 manufacturing facilities with more than 1,100 employees and will work with Brightstar to scale operations and expand in a fragmented market.

ISSQUARED Acquires Starnet Data Design

October 24, 2018

IT Services

ISSQUARED, Inc. has acquired Starnet Data Design, a Westlake Village, California-based value-added reseller and network engineering services provider. The acquisition expands ISSQUARED’s cloud infrastructure, managed services and security capabilities and brings hundreds of Starnet clients into ISSQUARED’s service footprint.

Copley Equity Partners Completes Majority Investment in North Star Leasing

March 31, 2021

Financial Services

Copley Equity Partners has completed a majority investment in North Star Leasing, a Burlington, Vermont-based provider of equipment financing solutions. North Star Leasing CEO Daniel Feeney will remain in place; financial terms were not disclosed and Copley will be represented on the board to support the company's aggressive growth and consolidation strategy in the micro-ticket leasing market.