UK-based Evaaro, a portfolio company of MML Keystone, has acquired United States keg logistics provider Keg Logistics and Canadian operator North Keg from existing shareholders including Seaport Capital, according to a company press release.

The combination with Evaaro's existing keg pooling business ekeg, which operates in the UK and Ireland, creates a unified multi-jurisdictional keg management and pooling platform operating across the UK, Ireland, USA, Canada and the European Union. The transaction is supported by a senior secured credit facility arranged by Invesco Direct Lending, the private credit platform of Invesco.

Chief Executive Chris Sapyta stated: "Joining forces with Evaaro provides Keg Logistics with access to significant growth capital, international infrastructure and operational pooling expertise. This partnership enhances our ability to serve customers at scale, accelerate expansion across all markets, and build a truly differentiated platform in the global keg management sector."

North Keg Chief Executive Matt Wowchuk stated: "Joining this global platform allows us to further solidify North Keg as the benchmark leasing and pooling option for all Canadian customers. With enhanced access to growth capital, we are doubling down on our commitment to the Canadian market, offering world-class resources combined with the dedicated local expertise our customers trust."

Through Evaaro's keg management offerings, servicing capabilities and brands, the group will have a customer base approaching 3,000 brewers globally and enable cross-border commercial relationships with global brewing customers. The transaction positions Keg Logistics and North Keg to accelerate growth, deepen service capabilities and reach new customers in their markets.

Read the complete announcement of Evaaro's acquisition of Keg Logistics and North Keg creating international keg pooling platform.