ACL Airshop targets growth as acquisition by Alinda completes
23 / 04 / 2021
Unit load device (ULD) company ACL Airshop has been acquired by infrastructure fund manager Alinda Capital Partners.
ACL Airshop said the deal completed this month and details of the transaction were not disclosed.
According to Steve Townes, president and chief executive at ACL Airshop, the acquisition will be of value to ACL Airshop as it continues to expand its ULD fleet and network of airport stations, while also deploying innovative technologies.
Townes commented: “Alinda is among the world’s most successful investors in infrastructure, including transportation and logistics.
“Alinda also has a successful track record of investment in pooled and leased equipment, and is experienced in backing growth-oriented companies. They are committed to ACL Airshop’s strategy of growing with its customers and share our vision for continued expansion in the coming years.”
Alinda chairperson Chris Beale, added: “ACL Airshop is a uniquely positioned business and is led by an exceptional management team. We look forward to supporting their growth strategies.”
ACL Airshop said its current management and operations team will continue to lead the organisation under its new ownership.
Additionally, it said, the acquisition will benefit its employees, suppliers, partners and customers through access to Alinda’s resources and its proven strategies of helping essential infrastructure businesses grow profitably in their market.
Alinda is a global independent investment firm that has holdings in infrastructure businesses in all 50 US states, as well as in Canada, the United Kingdom and Continental Europe.