Christopher Buller Joins Milestone Chassis as Gulf Regional Sales Manager

Milestone announces the addition of Christopher Buller, who joins the team as Gulf Regional Sales Manager. He will be based in Houston, TX and will oversee sales and customer support in the Gulf Region. Buller will report directly to Doug Hoehn, Executive Vice President of Milestone Chassis & Managed Assets.

I am excited to join the Milestone team and look forward to increasing our representation in the Gulf,” says Buller. “My highest priority is to build strong customer relationships and exceed customer expectations.”

ChrisBuller

Buller brings eight years of sales and management experience in the transportation industry – both in logistics and trucking. Most recently he was Sales Manager for TXN Logistics, based in Houston. Buller was also the Gulf Regional Account Manager for a major chassis company.

“Chris brings the experience and philosophy we want to continue to take our organization to the next level,” says Doug Hoehn, EVP of Milestone Chassis & Managed Assets. “He shares the Milestone passion for customer service and our commitment to a superior customer experience.”

Buller received his Bachelor of Business degree with an emphasis on marketing from Sam Houston State University. He has lived in Houston since 1987 and is proud to call the largest city in the Southern United States home.

 

Our New Corporate Headquarters

In an ongoing effort to support its growing customer base and in response to a remarkable growth year, Milestone Equipment Holdings, one of the nation’s most comprehensive lessors of transportation equipment, announces its new corporate headquarters in St. Charles, MO, near Interstate 70 and Zumbehl Road.

  • Address: 3050 West Clay Street, Suite 300 St. Charles, MO 63301
  • Telephone Number: 636-238-8896

The new facility will serve as a support hub for the company’s divisional offices in Chicago, IL (Intermodal and Chassis) and St. Charles, MO (Trailer Leasing), and its nationwide branch and depot network. This location will house the majority of the company’s administrative functions such as Finance, Accounting, Risk Management and Human Resources.

“Milestone is focused on providing outstanding service to our customers, while capitalizing on growth opportunities in the transportation sector,” says Don Clayton, Executive Vice President and Chief Financial Officer of Milestone Equipment Holdings. “The construction of our modern new headquarters and the availability of adjacent space for future expansion provide a scalable platform to support that mission, while helping us become an employer of choice for our current and future associates.”

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Since its founding in 1995, Milestone continues to build on superior customer service and flexible solutions. Today, with a combined fleet of over 80,000 domestic chassis, containers and trailers, the company continues to offer customers full service transportation equipment leasing and asset management.

President and Chief Operating Officer, Jordan Ayers, added, “We are fortunate to have some of the most experienced leaders in the industry and this expansion will help us continue to grow and build, while also providing upgraded training facilities for our sales and operations personnel.”

 

American Shipper Highlights Milestone’s Addition of Charles Marsh

We continue to grow our team of experts nationally – welcome Charles Marsh!

From American Shipper:

Milestone Chassis has appointed Charles Marsh as West Coast regional sales manager. He will be based in Orange, California. Before joining Milestone, Marsh – a plus-20-year industry veteran – held management roles at Hub Group, Yusen Logistics and Mode Transportation.”

Read the full article here.

Press Release: Milestone Equipment Holdings Adds Don Clayton as Chief Financial Officer

ST. CHARLES, MO (September 12, 2016) – Milestone announces the addition of Don Clayton who joins the team as Executive Vice President and Chief Financial Officer. Clayton will be based in St. Charles, MO and will report directly to Jordan Ayers, President and Chief Operating Officer.

“I am very excited to join the Milestone team,” says Clayton. “The team has built an outstanding business through its customer-centric, flexible approach to leasing. We will continue to make that our core mission, while building additional processes and controls to further scale the business. I see tremendous opportunities for growth and we will be prepared to capitalize on those opportunities.”

Clayton has 18 years of experience working in the industrial distribution and financial services industries, including eight years as Chief Financial Officer of a multi-billion-dollar nationwide distributor and seven years in the financial services audit practice at PricewaterhouseCoopers. He has extensive experience in strategic planning, financial reporting and internal controls. He has also played key roles on several acquisitions and capital market transactions.

“Don brings the experience and philosophy we want to take our organization to the next level,” says Ayers. “He has built world-class back office operations and has led numerous strategic transactions. Just as importantly, he shares our passion for customer service and our commitment to stay nimble and innovative as we grow.”

Clayton received his Bachelor of Science in Business Administration with an emphasis in Accounting from Southeast Missouri State University. He is a Certified Public Accountant.

Press Release: Milestone Equipment Holdings Consolidates Personal Attention Leasing Into Milestone Trailer Leasing

ST. CHARLES, MO (August 31, 2016) – Milestone Equipment Holdings announced that they will consolidate the trailer rental brand of Personal Attention Leasing into Milestone Trailer Leasing, creating an expansive portfolio of products and services under the Milestone Trailer Leasing name.

This development comes as a result of Milestone Equipment Holdings going to market with a unified Milestone brand name for the Trailer, Intermodal and Chassis Divisions.  Milestone Trailer Leasing continues their commitment to provide personal attention to each customer in the form of open-architecture arrangements, flexible lease options, and added-value services.

“Consolidating the PAL Trailer brand into the Milestone family helps express to the transportation market that we have transformed into a large scale provider with a national footprint. We can deliver that message and still retain our customer-centric and flexible approach to providing equipment,” says Milestone Executive Vice-President of Branch Operations, Sarah Johnson.

“This is an exciting announcement for our company and a great benefit to our customers,” says Milestone President and Chief Operating Officer, Jordan Ayers. The value of this rebranding can be seen in the form of:

  • Financial strength to buy new equipment to grow our trailer fleet at each branch.
  • Purchase trailers to meet specific customer equipment needs.
  • Expanded trailer fleet of over 40,000 trailers.
  • Nationwide trailer branch network.
  • Broader array of equipment types and transportation services.
  • Access to large groups of cartage equipment to upgrade and augment local fleets.
  • Seasoned, knowledgeable, and customer-centric sales professionals.

Press Release: Milestone Equipment Holdings Continues to Elevate Leadership Team, Names EJ Bronwasser Assistant Vice President of Operations, Chassis Division

BURR RIDGE, IL (August 10th, 2016) – Milestone announces the addition of EJ Bronwasser who joins the team as Assistant Vice President, Chassis Division. He will be based in Burr Ridge, IL and will report directly to Doug Hoehn, EVP Milestone Chassis & Managed Assets.

“Throughout my career I’ve maintained a passion for continuous improvement and being a part of a winning team, such as the one in place at Milestone,” says Bronwasser. “I look forward to helping to streamline processes, optimize our team’s efficiency, increase performance (on behalf of our customers and our team) as well as provide ongoing leadership to our Chassis outfit.”

Bronwasser brings 30 years of experience in equipment control within the ocean liner business. He has worked with such companies as P&O Nedlloyd, Maersk Line and NYK. In his most recent position at NYK, Bronwasser was the regional Operations Director managing all aspects of first and last mile logistics in addition to rail operations and vendor management.

”EJ’s wealth of experience will bolster the Milestone team as we continue to grow the Milestone Chassis Company business,” says Hoehn. “His systems knowledge and operational expertise will drive organizational excellence. Along with the newest premium marine, domestic and specialty chassis available in the market, adding talent like this will help Milestone to continue to anticipate and exceed client expectations.”

Bronwasser received his Bachelor of Science degree with an emphasis in Maritime Management from the Nautical Academy of Rotterdam, The Netherlands followed by his Master of Science degree with an emphasis in Intermodal Transportation from the University of Denver.  He is the current President of the Intermodal Association of Chicago.

Transport Topics – Milestone Equipment, Quest Capital Complete Merger

Barings, which owns trailer leasing companies, announced that it has completed a merger of Milestone Equipment Holdings and Quest Capital Group, a transaction that increases Milestone’s fleet by 70%. Milestone, which previously had 40,000 trailers and containers, now has 68,000 units for lease and rent. The added assets include 18,000 highway trailers and 10,000 pieces of intermodal equipment. Milestone’s fleet now includes intermodal and highway trailers, dry and refrigerated domestic containers and chassis.  Financial details of the transaction weren’t announced. The deal included US Trailer Holdings I and II, which provided leasing and rental services with investor-backed equipment.

Milestone will provide more innovative and flexible leasing and rental products to our customers as a result of our significantly enhanced scale in the marketplace,” Milestone CEO said Rob Thull said. “We are excited to expand the equipment offerings of Milestone through the merger of our operations,” Quest CEO Jordan Ayers said.

“The merger of Milestone, USTH and Quest is strategically important to Barings’ strategy in the surface transportation sector. It will enable Milestone to expand its fleet and geographic footprint while continuing to focus on equipment solutions for its customers,” said Thomas Juterbock, a Barings managing director.

Milestone was acquired by New Haven, Connecticut-based Barings in March.

Source: Transport Topics

Milestone Equipment Holdings Merges with US Trailer Holdings and Quest Capital Group

New Haven, Connecticut – Barings announced it has completed the merger of Milestone Equipment Holdings (“Milestone”), US Trailer Holdings I and II (collectively, “USTH”) and Quest Capital Group (“Quest”). The merger adds approximately 28,000 units of highway and intermodal equipment to Milestone’s existing 40,000-unit fleet; including 18,000 highway trailers, 7,000 domestic containers and 3,000 chassis. Milestone is a full-service transportation equipment lessor specializing in highway and intermodal trailers, domestic intermodal dry and refrigerated containers, as well as chassis. The company’s owned and managed fleet of 68,000 units is provided to its customers under flexible operating lease and rental structures. Barings acquired Milestone in March 2015.

Thomas Juterbock, a Managing Director at Barings, stated: “The merger of Milestone, USTH and Quest is strategically important to Barings’ strategy in the surface transportation sector. It will enable Milestone to expand its fleet and geographic footprint while continuing to focus on equipment solutions for its customers.”

Rob Thull, Milestone’s CEO and founder stated: “Milestone will provide more innovative and flexible leasing and rental products to our customers as a result of our significantly enhanced scale in the marketplace along with the executive talent from Quest. Milestone will be celebrating its 20th anniversary this year and is well capitalized to continue its growth into the future.”

Jordan Ayers, Quest’s CEO and founder stated: “We are proud to join the Milestone team and we are excited to expand the equipment offerings of Milestone through the merger of our operations.”

Barings, Bowman, and Milestone Acquire Assets of GE’s Trailer Leasing Business, Transport International Pool, Inc.

New Haven, Connecticut – A fleet of approximately 27,000 over-the-road trailers previously owned by Transport International Pool, Inc. (“TIP”), a subsidiary of General Electric Capital Corporation, was acquired today by Barings, Bowman Sales and Equipment (“Bowman”), and Milestone Trailer Leasing (“Milestone”) the companies announced. The acquisition includes all of TIP’s remaining U.S.-based trailers.

The majority of the trailers will be owned by Barings affiliates and managed and operated by Trailer Leasing Alliance (“TLA”) and Quest Capital Group (“Quest”).

TLA is a newly formed joint venture trailer leasing company owned by Milestone and Bowman and will be staffed by executives with extensive trailer leasing industry experience and national account management capabilities. Quest is an existing operating partner of Barings and an experienced transportation equipment manager. TLA and Quest will provide high quality services to existing and future trailer lessees and the acquisition group intends to provide additional capital to meet future trailer lessee capacity needs.

“Our acquisition of the TIP trailer fleet expands Barings’ transportation footprint beyond existing investments in U.S. intermodal and commercial aviation markets,” said Barings President Jonathan Rotolo. “The industry fundamentals, driven by a historically small U.S. trailer fleet, offer attractive returns to our investors and complement our existing transportation investments. We are excited to work together with our partners at Bowman, Milestone and Quest, three of the nation’s leading ground transportation players, and we plan to build our presence in the industry.”

As a global, diversified asset manager, Barings delivers the enhanced global perspective, local insight and broader range of traditional and alternative asset class expertise that today’s investors seek. Learn more at www.barings.com

Dennis Hamill, President of Bowman noted: “Bowman has been very fortunate to be able to continue to take advantage of the trailer leasing market consolidation that has taken place in the U.S. in the last few years and we are totally committed to continuing to provide our customers with the best equipment and service available in the industry.”

Bowman Sales & Equipment Inc DBA Bowman Trailer Leasing is the second largest semi-trailer leasing company in the U.S. with a fleet of over 30,000 assets and operates out of 34 branch locations. Based in Hagerstown, MD, Bowman is a full service provider that includes in-house maintenance and delivery/pick-up capabilities in most locations. Learn more at www.bowmanleasing.com

Robert Thull, President and co-owner of Milestone added: “This acquisition and the formation of TLA will provide cost-effective rental and lease alternatives to our customers throughout the United States. The combination of Milestone’s and Bowman’s large regional rental branch infrastructure with the industry-leading TLA executive team will provide exceptional service and trailer capacity to national accounts.”

The Milestone companies, including Milestone Equipment Corporation, operate a leased fleet of over 50,000 units of domestic intermodal and highway transportation equipment. Milestone Trailer Leasing, LLC, headquartered in Tiburon, CA, operates 18,000 highway rental trailers through its affiliate, Personal Attention Leasing, Inc. (“PAL”). The company has 19 full service rental branch locations primarily in the Midwestern United States.

Scrap Metal Services & Milestone Equipment Acquire GE Capital Intermodal Trailer Fleet

Chicago, Illinois – Scrap Metal Services LLC (SMS) and Milestone Equipment Holdings today announced the acquisition of 7,300 intermodal dry van trailers. These heavy duty dry van trailers are operated under leases throughout North America in rail intermodal service. Financial terms of the transaction were not disclosed. SMS and MEC have created a new JV Entity call Scrapstone Intermodal Services, LLC for this transaction as well all future intermodal opportunities. Robert Thull, Milestone’s President and founder stated: “Milestone is now the largest domestic intermodal container and intermodal trailer equipment lessor. We are committed to continued rapid growth and investments in intermodal equipment to provide flexible operating leases to our customers.” Jeffry K. Gertler, Chief Executive Officer of Scrap Metal Services, stated, “This acquisition allows Scrap Metal Services to expand its role in the intermodal marketplace, a market segment that we believe will experience considerable growth over the next several years.”