KKR has acquired a majority interest in a provider of depot, maintenance, cleaning and transportation services for the ISO tank container industry - Boasso Global.
This transaction was completed with Apax Partners.
KKR made this investment in Boasso through its Global Infrastructure Investors IV fund, which focuses on infrastructure investments in western Europe and North America.
Boasso provides logistics services to the chemical and food-grade supply chains through a network of 34 depots located in those two continents.
Since the company’s investment from Apax funds seven years ago, Boasso has seen organic growth and expanded its geographic footprint, including entering into the UK and European markets.
“Boasso utilises its network of assets to provide essential services to operators of ISO tanks, facilitating the efficient and safe flow of chemical and food grade products that are critical to the global economy,” said Dash Lane, partner on KKR’s infrastructure team.
“Our patient, long-term oriented capital is well positioned to support Boasso’s network of facilities, its employees and its customers in their next phase of growth.”