Aqua Capital Acquires and Merges Comfrio Soluções Logísticas & Stock Tech Logística (Latin America)
Source: Aqua Capital
Aqua Capital, a private equity fund focused on mid-sized agribusiness, food and logistics companies in Brazil and the southernmost areas of South America, has completed the merger of two Brazil-based cold storage logistics companies: Comfrio Soluções Logísticas and Stock Tech Logística. After owning a co-controlling stake in Comfrio for three years, Aqua acquired the remaining equity as well as 100 percent of Stock Tech and subsequently combined the businesses. The total investment in the Comfrio-Stock Tech transaction was US$45 million. The resulting company will have more than 600,000 cubic meters of cold storage capacity in Brazil.