CARGOUNIT

From a top 2 local player into the clear #1 on the Polish market and top-6 ROSCO in Europe

After Abris investment, CARGOUNIT, with a diversified fleet of almost 180 mainline electric and diesel shunting locomotives, became the leading provider of tailor-made solutions for the leasing of locomotives on the Polish market, itself the second largest rail freight market in Europe.

Investment Highlights

Key strategic drivers

• Ambitious fleet expansion through acquisitions, sale-and-leaseback, and selective purchases to become the unquestionable national leader (3.1x growth in fleet size)
• M&A during first years of holding period to consolidate market share, expand and diversify client portfolio, and benefit from economies of scale
• Expansion of service offering through dry/soggy/wet lease, modern locos, shunters and passenger units

Key operational drivers

• Governance transition from a founder-led organization to an independent management with divisional support
• Implementation of ESG policy and procedures
• Introduction of best-in-class asset maintenance procedures focused on maximized utilization
• Rigorous investment process governed by IRRs
• Implementation of dedicated IT fleet management system
• Introduction of ECM fleet management & safety standards

Exit process

Abris sold its stake in Cargounit to Three Seas Initiative Investment Fund (advised by Amber Infrastructure Group).