Stonepeak Infrastructure Partners Closes Agreement to Acquire TRAC Intermodal
Citi served as exclusive financial advisor to TRAC and Skadden Arps served as legal advisor to TRAC. Simpson Thacher served as legal advisor to Stonepeak.
About TRAC Intermodal
TRAC Intermodal (www.tracintermodal.com) is North America’s leading marine chassis pool manager and equipment provider. TRAC has the largest fleet of marine and specialty chassis in North America and operates an extensive network of facilities. TRAC’s subsidiaries offer expert nationwide tire and parts supply through TRAC Tire Services, emergency fleet roadside assistance through FYX, and maintenance and repair services and other depot solutions through TRAC Services.
About Stonepeak Infrastructure Partners
Stonepeak Infrastructure Partners (www.stonepeakpartners.com) is an infrastructure-focused private equity firm headquartered in New York that manages $17.9 billion of assets for its investors (as of September 30, 2019). Stonepeak invests in long-lived, hard-asset businesses and projects that provide essential services to customers, and seeks to actively partner with high-quality management teams, facilitate operational improvements, and provide capital for growth initiatives.