Global Infrastructure Partners, a BlackRock‑owned investment firm, announced a definitive agreement to acquire TCR, the largest independent lessor of airport ground‑support equipment, from 3i Infrastructure plc. The deal will add TCR’s fleet of more than 200 aircraft and ground‑support vehicles to GIP’s portfolio, expanding its aviation infrastructure exposure.
The announcement was made on March 5 2026. The transaction is subject to customary closing conditions and regulatory approvals, with an expected closing in the third quarter of 2026. 3i Infrastructure expects to receive approximately €1.14 billion in net proceeds from the sale of its 71 % stake in TCR, which will be used to repay its revolving credit facility and fund future investments.
GIP’s strategy is to invest in essential aviation infrastructure businesses with strong growth potential. TCR’s market leadership, its extensive network of contracts at more than 200 airports worldwide, and its recent electrification of 40 % of its fleet position the company to benefit from the industry’s shift toward sustainable operations. The acquisition also aligns with GIP’s broader Transport Platform, which seeks to deepen its presence in critical infrastructure assets.
Michael McGhee, Deputy Chairman of GIP, said, “We are delighted to partner with TCR, the clear global leader in ground‑support equipment leasing. TCR combines mission‑critical airport infrastructure with a highly scalable growth platform, led by an exceptional management team. We look forward to working closely with management to accelerate the company’s international expansion and further strengthen its position at the heart of the global aviation ecosystem.”
The deal does not directly involve BlackRock’s Aladdin platform, and the announcement does not cite a specific integration of TCR’s operations into Aladdin. However, the acquisition reinforces BlackRock’s commitment to expanding its infrastructure footprint and leveraging its technology platform to enhance data and analytics for institutional clients.
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