Simpson Thacher is representing KKR and Boasso Global, Inc. (“Boasso”) in connection with their definitive agreement to merge Boasso with Q Super Holdings, Inc. (“Quala”) for an undisclosed amount. Boasso is a premier provider of depot, maintenance, cleaning and transportation services for the ISO tank container industry that operates throughout North America and Europe. Quala is a leader across North America for liquid bulk container cleaning and maintenance services, including tank trailer, ISO tank container, railcar and IBC cleaning. The transaction is supported by KKR, Boasso’s majority shareholder, through its KKR Global Infrastructure Investors IV fund. Under the terms of the agreement, KKR will inject further growth capital into Boasso to facilitate the merger with Quala via a purchase of shares from Advent International (“Advent”).
The Simpson Thacher team includes Breen Haire, Shamus Crosby, Ana Sanchez, Carla Luna, Andrew Kingsbury, Carl Stenberg and Eduard Popov (M&A); Krista McManus (Real Estate); David Rubinsky, Alisa Tschorke and Meredith Brenton (ECEB); Catherine Burns and Roman Ibragimov (Banking and Credit); Nancy Mehlman and Jasmine Hay (Tax); Jessica Cohen, Corina McIntyre, Rachelle Broida and Mark Natividad (Intellectual Property); and Peter Guryan, Kelly Karapetyan and Jamie Logie (Antitrust).