KKR to Acquire Storage Tank Operator Central Tank Terminal
Summary
The investment will be used to reinforce CTT’s leading position in the chemical storage tank industry and to pursue future growth opportunities, including bolt-on acquisitions. We view this as the latest milestone for KKR in the market and believe this underscores our ability to leverage our experience and access to best global business practices to help take Japanese businesses to their next stage of growth across industries and sectors.” Taka Hirayama, a Director on KKR’s Infrastructure team based in Tokyo, said, “Under the leadership of CEO Miyakawa, CTT has established itself as one of the top operators in Japan’s tank storage sector, and forged a strong culture of responsible safety and environment management. In addition, the transaction marks KKR’s latest investment in Japan and builds on its track record as an active investor in the country. KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR’s insurance subsidiaries offer retirement, life, and reinsurance products under the management of The Global Atlantic Financial Group.