Investing in ABC Transport represented an opportunity to work with a proven and committed entrepreneur and acquire a leading platform with strong historical growth in revenue and profitability.
ACA’s investment was specifically deployed to fleet expansion, terminal construction, upgrade of fleet maintenance facilities, and the development of complementary services such as cargo, courier and outsourced transport logistics management.
Following ACA’s investment, ABC grew its fleet from 46 buses to 135 and pioneered the expansion of passenger coach services into the West Africa.
ACA also oversaw improvements in corporate governance, upgrades to the company’s financial reporting and provided support in the recruitment of senior executives during the investment period. When ACA exited the company in 2018, it was worth $51 million; an increase of over ten-fold on the $3.5 million value at the time of our investment 2013.