Cargostore

The Company

Established in 1993, Cargostore provides specialist transport and storage container equipment for hire or sale worldwide, primarily for the offshore wind power, oil & gas, international aid and defence markets. Based in London, UK, it has 35 strategically positioned storage facilities and depot locations around the world to service its diversified blue-chip international customer base.

Investment rationale

An off market secondary MBO provided an opportunity to invest into a high-quality company with a strong growth profile at an attractive entry price. Cargostore’s focus on leveraging exceptional customer service and international presence to consolidate market leading positions in targeted geographies and certain asset types means it achieves high and recurring returns on capital.

We were attracted to the proven management team, robust business model and the opportunities to drive scale through further international expansion.

Progress since investment

Connection Capital’s support has enabled the company to invest further in its fleet of specialist equipment to support international expansion into new high growth territories.

The company has invested in strengthening operational systems and processes to generate higher quality information to assist with decision making within the business. There has also been investment in management to enhance the team through the recruitment of an Operations Director and VP of Offshore Sales.