The Investment Management Corp. of Ontario is acquiring a 25 per cent interest stake in transportation equipment firm TIP Group.

The company operates a fleet of nearly 90,000 trailers, trucks and specialized equipment with more than 130 service locations in 17 countries. The financial details of the transaction weren’t disclosed to the public.

“TIP is a leading European provider of asset leasing and maintenance services, operating critical transportation infrastructure that aligns with IMCO’s investment strategy focused on resilient businesses and stable cash flows,” said Matthew Mendes, managing director and head of infrastructure at the investment organization, in a press........

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