KKR has acquired a majority interest in Boasso Global, a provider of depot, maintenance, cleaning and transportation services for the ISO (international standard organization) tank container industry, from Apax Partners.

Boasso provides logistics services to the chemical and food-grade supply chains through a network of 34 depots located in North America and western Europe. Since the company’s investment from Apax funds in 2015, Boasso has seen organic growth and expanded its geographic footprint, including entering into the U.K. and European markets. KKR has made this investment in Boasso through its KKR Global Infrastructure Investors IV fund, which focuses on infrastructure investments in North America and western Europe.

“Boasso utilizes 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,” comments 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.”

Apax Partners and Boasso were advised by Kirkland & Ellis LLP as legal counsel and by lead financial advisor Harris Williams; J.P. Morgan Securities LLC also provided financial advice. KKR was advised by Simpson Thacher & Bartlett LLP as legal counsel and Jefferies LLC as financial advisor.