October 1, 2021: Investment funds managed by Alinda Capital Partners acquired Florida-based BTR, a utility-related investment. BTR rents large waste collection trucks primarily to municipalities.
Municipal Solid Waste (MSW) has exhibited consistent and stable volumes that follow population growth. The practice of municipalities renting collection trucks has been growing and rental trucks are increasing their market share of waste hauling.
BTR was founded in 2002 and has a fleet of approximately 600 trucks in the US and Canada, serving more than 350 customers. It is a market co-leader and has a reputation for quality equipment. Most competitors in its areas of focus are small participants in the market. BTR operates in attractive locations with limited competition.
By renting, BTR’s customers benefit by avoiding large investment in spares and unused capacity, are able to avoid lengthy manufacturing lead times for acquiring new vehicles. Rentals offer them efficiency and flexibility, including serving their seasonal surges, avoiding truck down time. Missed collections are viewed as unacceptable in MSW.
Customers value BTR’s modern fleet and its remote vehicle monitoring capability. This offering improves uptime and reduces labor and equipment inventories. BTR buys new trucks frequently. It owns environmentally compliant trucks that continue to improve on efficiency and ESG metrics in the MSW industry.
NORFOLK, VA – The CMA CGM Marco Polo, the largest container ship to ever visit the U.S. East Coast, has called at Virginia International Gateway and set a new record for the largest container ship to date to dock in Norfolk, Virginia. The 1,300 foot-ling vessel’s capacity is 16,022 twenty-foot equivalent units, or TEUs.
“The $800 million that has been invested to expand and modernize our port enhances our ability to safely and efficiently handle vessels of this size, and bigger, and their increasing cargo loads,” said Stephen A. Edwards, CEO and executive director of the Virginia Port Authority.
“Breaking the East Coast’s big-ship record wouldn’t be possible without timely infrastructure investments that enable us to proactively serve our customers,” said Ed Aldridge, president of CMA CGM and APL North America.
Investment funds managed by Alinda Capital Partners, an independent fund manager focused on mid-market core-plus infrastructure investments in North America and Europe, have acquired ACL Airshop, a global leader in air cargo Unit Load Device (ULD) logistics solutions to over 200 airlines, air cargo carriers, and other transportation clients.
“Alinda is among the world’s most successful investors in infrastructure, including transportation and logistics,” said Steve Townes, president and chief executive officer of ACL Airshop. “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.”
“ACL Airshop is a uniquely positioned business and is led by an exceptional management team,” said Alinda Chairman Chris Beale. “We look forward to supporting their growth strategies.”
Townes noted that ACL Airshop’s current management and operations team will continue to lead the organization under its new ownership. He added that the acquisition will benefit ACL Airshop’s employees, suppliers, partners, and customers through access to Alinda’s resources and their proven strategies of helping essential infrastructure businesses grow profitably in their market. According to Townes, this experience will be of value to ACL Airshop as it continues to expand its ULD fleet and network of airport locations globally, while also deploying innovative new technologies.
ACL Airshop is headquartered in Greenville, South Carolina.
https://www.aclairshop.com