Announced
Completed
Financials
Tags
Friendly
Minority
Private
Single Bidder
Transportation Services
Transportation Equipment
United States
Completed
Cross Border
Private Equity
Acquisition
Synopsis
Partners Group, a private markets firm, completed the investment of a stake in Barings-backed Milestone, a transportation equipment provider, at a $1.4bn valuation. "Milestone is an established infrastructure business that provides exposure to e-commerce, a transformative trend that continues to gather pace as economies digitise. Based on its scale, service, and fleet quality, we have conviction in Milestone's ability to capture a growing share of the transportation equipment market. Our value creation plan will further develop Milestone's mobile warehouse offering, as well as build out its network into under-served geographies across the US. We are looking forward to partnering with Milestone's very experienced management team and our partner Barings on these initiatives," Ed Diffendal, Partners Group Managing Director.
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