Agathos acquires Cargostore

London, UK, December 7th 2016:

Agathos Management LLP, an investment firm investing in UK-based SMEs, has taken a majority shareholding in global shipping container provider, Cargostore Worldwide Trading Limited.

Agathos Management LLP is a London-based, family office-backed private equity firm that invests in SME UK trading businesses to help them become market leaders.

Cargostore is one of the world’s leading suppliers of containers to a diversity of user markets. The London-based company operates a fleet of ISO and DNV 2.7-1 container equipment available via subsidiaries and partners throughout Europe, North America, South Africa, South East Asia and the Middle East.

William de Laszlo, Managing Partner at Agathos commented:

“Agathos is excited about working with the Cargostore management team to help realise their strategic vision for the future. We are backing a strong management team and our investment is to continue to build and grow the business”

Justin Farrington Smith, Managing Director of Cargostore commented as follows on the investment:

“In the face of challenging market conditions globally, Cargostore has continued to expand both in terms of new product and service development as well as its reach to new markets through geographical expansion of operations.

“The very welcome engagement of interest and subsequent investment in our business by Agathos has come at an opportune moment as we prepare to engage in a new term of further strategic growth over the next five years. Agathos’ belief and support brings enormous benefit also to our valued employees and customer base.

“We could not better Agathos as both stakeholder and investor in this company and I am delighted to be working with the team at Agathos.” 

 

www.cargostore.net

 

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Issued December 2016 on behalf of Cargostore Worldwide Trading Limited by pmpr business communications Contact Peter Muir: email peter@pmpr.co.uk  tel. 00 44 1280 308010

 

EDITOR NOTE:

About Cargostore Worldwide Trading Limited:  specialists in the sale, rental, storage and distribution of containers for intermodal shipping, DNV offshore, as well as UK domestic market sales of used containers for personal or small business storage use. 

Cargostore is a leading supplier of containers to businesses, operating from 11 depot locations throughout the UK and with depots throughout Europe, North and South America, South Africa, South East Asia and the Middle East. The company maintains one of the largest ranges of container types available, offering – in addition to standard dry cargo units – pallet-wide, side and double-door units, open tops, flat racks, bulkers, ISO tanks and temperature-controlled refrigerated (reefer) units.  London-based Cargostore is also one of the world’s fastest-growing specialist suppliers of DNV Offshorecarrying units to the international energy sector.

 

 

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