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Contract Leasing Corporation Announces Acquisition By Wafra

Aug 02, 2022•about 3 years ago

Acquiring Company

Wafra

Acquired Company

Contract Leasing

New YorkVenture CapitalReal EstateFinance

Description

Contract Leasing Corporation (“CLC”), a leading regional trailer and intermodal chassis lessor, today announced its acquisition by funds advised by Wafra Inc. (“Wafra”), a global alternative investment manager. Founded in 1991 and family-owned and operated, CLC has been a trusted provider of trailing equipment and fleet management and maintenance services for over 30 years.

Company Information

Company

Wafra

Location

New York, New York, United States

About

Wafra is a global alternative investment manager with approximately $28 billion of assets under management across a range of alternative assets, including real assets, real estate, and strategic partnerships. By providing flexible and accretive capital solutions and focusing on long-term partnerships, Wafra aligns and partners with high quality asset owners, companies, and management teams. Headquartered in New York, Wafra has additional offices in London and Bermuda.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed