Global Infrastructure Partners to acquire TCR, a global lessor of airport ground support equipment

Global Infrastructure Partners (GIP), a part of BlackRock, has entered into a definitive agreement to acquire TCR, the largest independent lessor of airport ground support equipment, from 3i Infrastructure. Headquartered in Brussels, TCR owns and manages a global fleet of airport ground support equipment across more than 200 airports worldwide. This acquisition by GIP strengthens its portfolio in the transport infrastructure sector by integrating a critical service provider for efficient airport operations globally.

Counterparts (4)

Seller

3i Infrastructure

company

3i Infrastructure plc is a London-listed investment company managing approximately $4.8 billion in net assets as of March 2024. It invests in a diversified portfolio of infrastructure businesses and assets primarily across Europe and North America, focusing on sectors like digital infrastructure, renewables, utilities, and transport.

TCR

company

Gosselies, Belgium-based TCR Group is a global leader in the rental and maintenance of Ground Support Equipment (GSE) for airports, operating across over 180 airports in 40+ countries with a team of over 1,800 employees.

parent_company

BlackRock

company · 2 deals

BlackRock is a global asset manager and technology provider. They offer investment products, technology, and tools to help millions meet spending needs, build wealth, and retire securely.

Buyer

Global Infrastructure Partners

company

Global Infrastructure Partners (GIP) is a leading independent infrastructure fund manager with over $100 billion in assets under management, investing across energy, transport, water, and digital infrastructure globally. The firm focuses on large-scale equity investments in operating and brownfield assets.