Stonepeak Infrastructure Partners to Acquire TRAC Intermodal
02.20.20
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Simpson Thacher is representing Stonepeak Infrastructure Partners in connection with its definitive agreement to acquire TRAC Intermodal (“TRAC”), a leading intermodal infrastructure provider, and its subsidiaries from investment funds managed by an affiliate of Fortress Investment Group LLC. Financial terms of the transaction were not disclosed.
TRAC currently operates 180,000 marine chassis nationwide and has a broad operating footprint of over 650 locations. TRAC subsidiaries offer nationwide tire and parts supply through TRAC Tire Services, emergency fleet roadside assistance through FYX, and maintenance, repair and depot solutions through TRAC Services.
The Simpson Thacher team includes Eli Hunt and Erica Egenes (M&A); Brian Gluck, Arman Naraghi-Pour and Essete Workneh (Credit); Jonathan Goldstein and Tyler Robbins (Tax); Tristan Brown and Caitlin Fitzgerald (Executive Compensation and Employee Benefits); Michael Isby (Environmental); Krista McManus (Real Estate); Genevieve Dorment (Intellectual Property); Steven DeLott (Insurance); and Peter Guryan and Kelly Karapetyan (Antitrust).