Boasso Global Inc., a provider of depot and transportation services to the international standard organization (ISO) tank container industry and backed by KKR, has merged with Q Super Holdings Inc. (Quala), a cleaning, test and repair services company for tank trailers, ISO containers, intermediate bulk containers and railcars.
The companies will merge their complementary businesses to form an infrastructure service provider for the liquid bulk logistics industry. The transaction is supported by an investment from KKR, through its KKR Global Infrastructure Investors IV fund. KKR will deploy further growth capital into Boasso to facilitate the merger with Quala through a purchase of shares from Advent International and invest in the combination of the two businesses.
“This transaction will enhance our ability to deliver safe, compliant and best-in-class services to our ISO tank container customers and meaningfully expand our access to more locations across North America to better serve their needs,” says Joe Troy, chief executive officer of Boasso.