Arcus Infrastructure Partners has acquired a Netherlands-based plastic crates and pallets rental company for an undisclosed amount.
The manager said its Arcus European Infrastructure Fund 2 (AEIF2) fund has bought HB Returnable Transport Solutions from a selling shareholder group, including Mentha Capital and the company’s founders.
As part of the deal, HB senior management will reinvest in the company alongside AEIF2.
Founded in 2008, HB provides rental, washing and integrated logistics for returnable transport items (RTIs) in the Dutch food supply chain. The company provides an integrated offering of RTI rental, washing and logistics services.
Ian Harding, managing partner at Arcus Infrastructure Partners said this acquisition is the manager’s seventh investment for AEIF2 and “HB is a perfect fit with the fund’s investment strategy of targeting mid-market, value-add infrastructure businesses in Europe”.
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