ACL Airshop announced the closing of the acquisition of ACL Airshop by Alinda Capital Partners, an infrastructure fund manager. The transaction successfully concluded in April 2021. Details of the transaction were not disclosed.
Alinda is a global independent investment firm focused on mid-market infrastructure assets that provide essential services. Alinda has holdings in infrastructure businesses in all 50 US states, as well as in Canada, the United Kingdom and Continental Europe. Alinda-owned businesses serve over 100 million customers annually.
"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.
