WALTON, Ky., March 2, 2020 /PRNewswire/ -- American Trailer Rental Group (ATRG) is a family of companies with a rental fleet approaching 10,000 units representing some of America's most respected regional trailer rental providers. We operate under the Meisler Trailer Rental (Meisler), Fleet Trailer Rental (Fleet) and First in Trailer Service (FITS) brands with operations in Louisville, KY, Evansville IN, Memphis, Nashville, TN, Walton, KY, Cincinnati, OH and Kansas City, KS.
Today we are proud to announce ATRG has completed the acquisition of Advantage Trailer Leasing (Advantage), based in Dallas, TX with operations in Houston, San Antonio, Austin and Longview.
Thanks to the ongoing support of our equity sponsor, Milton Street Capital (www.miltonstreetcap.com) and the outstanding work of our associates we are pursuing an aggressive growth strategy that is rooted in both acquisitions and greenfield pursuits.
Today's announcement represents our fourth acquisition since Milton Street's formation of the American Trailer Rental Group in June of 2017. This event, coupled with our greenfield initiatives, brings our total number of rental locations to ten and our rental fleet is now approaching 13,000 units.
With the acquisition of Advantage, we continue our quest to be the provider of choice serving blue chip customers across a multitude of geographies and industries with high quality storage, cartage and over the road trailers as well as other portable storage options.
We are excited to join the Texas business community and its vibrant economy. Texas is an excellent location for our continued growth due to its importance to our existing customer base and our nation's economy.
Richard and Garrett Vilven, along with the team at Advantage, have built a well-respected trailer provider serving some of Texas's best manufacturers, warehouse operators, distributors and logistics companies. Their "customer first" focus dovetails naturally into our culture at ATRG.
Following this acquisition, our customers now have access to our fleet approaching 13,000 units as well as a network of highly skilled mechanics and drivers.
– John Brooks, CEO American Trailer Rental Group
We at Advantage are excited to join the ATRG family. My brother Garrett and I were impressed with the vision and execution of the team at ATRG. We are looking forward to actively helping ATRG continue to grow.
– Richard Vilven, CEO Advantage Trailer LLC and now Board Member ATRG
We can't say enough about how excited we are to be welcomed into the ATRG family. As business owners with over 35 years' experience in the trailer leasing business, Richard and I were delighted to find a group that allows us to maintain operations independently, retain all of our employees and continue the excellent service that has been a vital part of making us who we are today. As part of the ATRG family we are better capitalized, have greater access to high quality equipment and a larger customer base to serve.
- Garrett Vilven Shareholder Advantage Trailer, LLC and now VP of Container Operations ATRG
Willkie, Farr and Gallagher LLP served as M&A and financing legal counsel to ATRG and its Board of Directors. BKD served as tax advisors to ATRG. JP Morgan Chase and Gladstone Capital provided acquisition financing.
SOURCE American Trailer Rental Group