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Luxembourg / Bari – 09/09/2021 – The European infrastructure fund, Marguerite II, closed the investment in GTS group (GTS) announced on 30 June 2021, after fulfilment of the transaction’s condition precedents.
Founded in 1977 by Nicola Muciaccia and headquartered in Bari (Italy), GTS is a leading intermodal freight transport operator offering national and international vertically integrated intermodal transport services across Europe’s north-south axis and global freight forwarding, which enables direct control of all freight transportation phases. GTS is the largest private intermodal operator in Italy and reported ca. EUR 111m revenues and more than EUR 22m EBITDA in 2020, with ca. 23% growth compared to 2019, in spite of the Covid-19 outbreak.
GTS’ rolling stock fleet currently includes 20 electric locomotives, 350 wagons and 2,450 containers fully owned by the group. Marguerite’s investment will boost GTS’ growth strategy by supporting a significant expansion of the rolling stock fleet to meet the increasing customer demand for intermodal transport solutions and modal shift from road to rail in the transport of goods.
GTS investment plan is expected to help environment to save 1.2 million tons of CO2 contributing to avoid premature pollution-related deaths and create 170 direct new jobs.
Marguerite was advised by Santander (M&A), Bonelli Erede (legal), Steer (technical, commercial and ESG), KPMG (tax, financial and payroll) and Willis Tower Watson (insurance).
GTS and the Muciaccia family were advised by Mediobanca (M&A), PwC TLS (legal) and Studio Damu (tax).