Funds advised by Apax Partners have plans to sell their majority interest in Boasso Global, a premier provider of depot, maintenance, cleaning and transportation services for the ISO tank container industry in North America and Europe, to KKR.
Boasso provides mission-critical logistics services to the global chemical and food-grade supply chains through a network of 34 strategically located depots across North America and Western Europe.
The Apax Funds acquired Boasso in 2015 as part of their purchase of Quality Distribution, a global logistics and transportation provider. In 2021, Quality Distribution sold its Quality Carriers bulk liquid chemical transportation business to CSX Corp., making Boasso became a standalone entity. Under the ownership of Apax Funds, Boasso has expanded its geographic footprint, including entering into and growing within the U.K. and continental European markets, to better serve its global customer base.
“As we look ahead, we are ex
