TCR winning buy-side due diligence

Skylark recently advised Global Infrastructure Partners (GIP), a part of BlackRock, on its acquisition of TCR, the leading global lessor of airport ground support equipment.

The team led the technical due diligence workstream, with services including:

• Analysis of the fleet composition across the company's geographies

• Evaluation of fleet age profile, lifecycle and turnover

• Assessment of unit economics, including rates of return and pricing discipline

• Detailed examination of the company's global workshop operations and profitability

• Assessment of contracts and customer churn

We also contributed to the commercial due diligence workstream, leveraging our deep expertise in GSE leasing markets to conduct an in-depth competitive positioning analysis across TCR's key regions, helping inform the company's wider growth strategy.