Investor joins existing shareholder Triton to support continued improvement in network capacity, service reliability, and digital capabilities
Reusable packaging provider Ifco has welcomed a new co-investor, New York-based group Stonepeak, following Abu Dhabi Investment Authority’s recent decision to sell its shareholding.
Stonepeak joins Triton, which has been a shareholder since 2019, and its investment is expected to support continued improvements in network capacity, service reliability, and digital capabilities for the group’s customers.
Nikolaus Woloszczuk, senior managing director at Stonepeak, commented: “Ifco’s market-leading logistics network, strong customer relationships, history of innovation, and essential role in the global grocery supply chain give us tremendous confidence in the continued success of the business. We are excited to partner with Triton to support Ifco along this growth trajectory and deliver even greater value for its customers”
Ifco CEO Mike Pooley said: “We are delighted to welcome Stonepeak as a new co-investor. Stonepeak’s expertise in critical infrastructure and their long-term, value-driven approach make them an ideal partner for Ifco. Their contribution will help us further strengthen the capabilities our customers rely on at scale.”
He also thanked ADIA for its partnership over the years, and also said the company recognised Triton’s continued support and expertise as it looked to grow through digital transformation and M&A.
“Triton’s ongoing commitment is a strong sign of trust in Ifco and confidence in our potential. We look forward to working closely with Triton and Stonepeak as we enter this exciting next chapter.”
Stephan Förschle, partner and co-head of business services at Triton, added: “We would like to thank ADIA for the trustful collaboration up to this point. Ifco has seen an exceptional development in the previous five years and we continue to see significant growth potential for the company going forward. We are looking forward to further developing Ifco together with our advisory board, Stonepeak, and the management team.”
