I Squared Capital has announced that it has signed a definitive agreement, through its ISQ Global Infrastructure Fund III, to acquire Rentco.

Rentco is expected to benefit from closer relationships with I Squared's global leasing platforms, such as FlexiVan, TIP Trailer Services, and Star Leasing. With this transaction, I Squared Capital's global transport and logistics portfolio is set to have more than 264,000 trailers or chassis, along with 14,423 workshops and 3,700 employees across 20 countries. 

Rentco customer base includes a diverse range of industries, such as agriculture, mining, groceries, and durable goods. Rentco's acquisition aligns with I Squared Capital's strategy to enhance its presence in Australia and complement its existing portfolio companies.