Carlyle (Nasdaq: CG) has invested $180 million in the form of preferred equity in Zippy Shell, a containerized moving and storage company in the U.S.
Zippy Shell delivers containers that are dropped off directly at a customer’s location, filled with their belongings on their schedule and then stored at a drop-off site and/or at a company location, or moved to the destination for unloading by the consumer. This investment, alongside a debt facility led by JPMorgan (NYSE: JPM), will provide the company with capital to refinance its existing debt and fund strategic growth initiatives, including network and fleet expansion, as well as real estate acquisitions.