M&A Deal Summary

Boasso Global Acquires Quala

On February 9, 2023, Boasso Global acquired business services company Quala from Advent International

Acquisition Highlights
  • This is Boasso Global’s 1st transaction in the Business Services sector.
  • This is Boasso Global’s 1st transaction in the United States.
  • This is Boasso Global’s 1st transaction in Florida.

M&A Deal Summary

Date 2023-02-09
Target Quala
Sector Business Services
Buyer(s) Boasso Global
Sellers(s) Advent International
Deal Type Merger
Advisor(s) Credit Suisse Investment Banking
BofA Securities (Financial)
Weil Gotshal & Manges (Legal)

Target

Quala

Tampa, Florida, United States
website
Quala is a provider of tank cleaning services to the bulk transportation industry. Quala operates strategically located tank wash facilities across the US. Quala was founded in 1986 and is based in Tampa, Florida.

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Buyer(S) 1

Buyer

Boasso Global

Tampa, Florida, United States

website


Category Company
Sector Transportation
DESCRIPTION

Boasso Global is an international provider of depot and transportation services to a fast-growing, global ISO tank container industry. Boasso offers a multitude of mission-critical services through a network of 34 international depots, including 17 in North America, 8 in the United Kingdom, and 9 in Continental Europe. Boasso Global is based in Tampa, Florida.


DEAL STATS #
Overall 2 of 2
Sector (Business Services) 1 of 1
Type (Merger) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-01 TPC

Barcelona, Spain

TPC is a provider of tank container transportation services to the chemical sector. Its fleet of experienced drivers delivers ISO tanks throughout Spain and other EU markets and has particular expertise in hauling ADR, pressurized gas, and MDI/TDI shipments. TPC is based in Barcelona, Spain.

Buy -

Seller(S) 1

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 204 of 209
Sector (Business Services) 14 of 14
Type (Merger) 9 of 9
State (Florida) 6 of 6
Country (United States) 74 of 76
Year (2023) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-02 Thesis

Chesterfield, Missouri, United States

Thesis is a provider of cloud-based, next generation university administration software that offers student information management solutions for higher education institutions in the UK, Canada and the US, focusing on the use of best-practice standards, automation, and process simplification to free faculty and staff from administrative work so they can concentrate on their core mission. Thesis was founded in 2021 and is based in Chesterfield, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-23 LBS Group

Hong Kong, China

LBS Group is a pest control and hygiene solutions company with complementary services such as digital IoT pest monitoring, air purification, and desludging services. The company meets the needs of a wide range of customers in Greater China and the broader region and is the go-to vendor for many of its business partners in Food Services, Retail, Hospitality, Manufacturing, and other end markets. Central to LBS’ culture and philosophy is the importance of caring about people. LBS Group is based in Hong Kong, China.

Buy -