Wood Creek Buys Trailer Lessor Milestone Equipment

Private equity firm Wood Creek Capital Management has acquired trailer leasing firm Milestone Equipment Holdings from Blackstone Tactical Opportunities. Terms were not disclosed.

Milestone specializes in trucking and intermodal trailers, domestic intermodal containers and chassis, with a fleet of about 40,000 units. It was acquired by Blackstone in December 2012.

The acquisition “will provide significantly enhanced scale in the marketplace and a competitive edge to provide more cost-effective and flexible leasing and rental products to our customers,” said Rob Thull, Milestone’s founder and CEO.

Thomas Juterbock, a managing director at Wood Creek, said the deal was “important to [its] growth strategy in the surface transportation equipment sector. Milestone will be able to continue achieving rapid growth of its platform [and for] the approximately 30,000 highway trailers and intermodal assets currently owned by Wood Creek.”