The Eagle Leasing Company, a portfolio company of Kinderhook Industries, today announced the acquisition of the container rental assets of Boxwheel Trailer Leasing, LLC (“Boxwheel” or the “Company”), including its fleet of storage containers, related handling equipment, and customer rental agreements. The transaction adds a Woodhaven, Michigan yard to Eagle Leasing's Michigan operations, putting equipment and people closer to customers across metro Detroit. Terms of the transaction were not disclosed.

Boxwheel built its Detroit-area container rental business alongside its core trailer leasing operation, serving industrial and retail customers. Boxwheel’s fleet of standard and high-cube storage containers will be integrated into the Eagle Leasing network, and the Company’s container customers should expect a seamless transition with no interruption in service.

“Eagle has identified the metro-Detroit area as a priority growth market, and this acquisition provides additional fleet capacity to expand our service capabilities in the region,” said Mike Ferrantino, Chief Strategy Officer at Eagle Leasing. “Having equipment and people on the ground in Woodhaven means faster deliveries and a better experience for our customers. Boxwheel has built and managed clean, well-maintained container fleet, and we are excited to carry it forward.”

The addition of a metro-Detroit yard rounds out Eagle Leasing’s Michigan footprint and reflects the company’s focus on building density where it already has customers, people, and equipment on the ground.

"Eagle Leasing has established itself as a premier operator in the container leasing industry, and this transaction ensures our container customers will be well served going forward," said Mike Sindelar, Co-Founder and Chief Procurement Officer, Boxwheel Trailer Leasing. "Boxwheel remains focused on renting and leasing semi-trailers in the greater Detroit area alongside our 11 other branches across the Midwest and Western United States."

Eagle Leasing is actively seeking additional opportunities to partner with high-quality portable storage operators across the Eastern United States who share its commitment to customer service and operational excellence.

If you are interested in discussing your business or your fleet of portable storage assets, please contact our Chief Strategy Officer, Mike Ferrantino at mferrantino@eagleleasing.com.

Advisors

Eagle Leasing was represented by Bernicker Law PLLC on legal matters.

About Boxwheel Trailer Leasing

Founded in 2018 and headquartered in Denver, CO, Boxwheel provides dry van, flat bed and refrigerated units for rental, lease or sale to customers seeking long-haul, cartage and storage solutions. Boxwheel is proud to serve markets across the U.S. The company strives to make leasing a trailer affordable, safe, and easy. Boxwheel employees consider it a privilege to be actively involved in the communities they serve.

For more information, please visit: www.boxwheel.com

About Eagle Leasing

Founded in 1967 in Orange, Connecticut, Eagle Leasing is a leading provider of containers, trailers, and mobile office solutions throughout the Eastern United States. Over nearly six decades, the Eagle Leasing name has become synonymous with quality equipment and dependable service. Eagle Leasing manages a fleet of thousands of units serving public utilities, industrial manufacturing, construction, warehousing and logistics, retail, education, and government markets.

In July 2025, Eagle Leasing was acquired by the Rent-A-Container Network, which subsequently rebranded its family of companies under the Eagle Leasing name. Legacy brands include Rent-A-Container, ModuGo, A-1 Mobile Storage, Kelcon, Stuff-It Storage, Fortin Modular Storage, Wayside Trans. Corp, Containers4Less, Graf Bros Leasing, Schneider Trailer & Container Rental, and GoldStar Storage Container & Trailer Rentals.

For more information, please visit: www.eagleleasing.com

About Kinderhook Industries

Founded in 2003, Kinderhook Industries, LLC is a private investment firm that has raised $11 billion of committed capital. Kinderhook has made in excess of 500 investments and follow-on acquisitions since inception. Kinderhook’s investment philosophy is predicated on matching differentiated, growth-oriented investment opportunities with financial expertise and our proprietary network of operating partners. Kinderhook’s focus is on middle market businesses with defensible niche market positioning in the healthcare services, environmental & industrial services, and automotive & light manufacturing sectors.

For more information, please visit: www.kinderhook.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20260921289286/en/

"Eagle Leasing has established itself as a premier operator in the container leasing industry, and this transaction ensures our container customers will be well served going forward"