Global Infrastructure Partners Agrees to Acquire TCR
BlackRock, Inc. (BLK)
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Source: Business Wire
Investment in the world’s largest independent ground support equipment lessor strengthens GIP’s Transport Platform NEW YORK--(BUSINESS WIRE)--Global Infrastructure Partners (“GIP”), a part of BlackRock, a leading global infrastructure investor, today announced that it has entered into a definitive agreement to acquire TCR, the largest independent lessor of airport ground support equipment, from 3i Infrastructure plc. Members of TCR’s management team will invest alongside GIP.The transaction reflects GIP’s long-term conviction in global aviation and its strategy of investing in essential aviation infrastructure businesses with strong growth potential and resilient business models.Headquartered in Brussels, TCR owns and manages a global fleet of airport ground support equipment, supporting safe and efficient aircraft operations across more than 200 airports worldwide. With a diversified customer base and long-term contractual relationships, TCR is integral to efficient airport operat
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