Intermodal Equipment Associates (”IEA”), a predecessor to Cronos, is formed to manage
and lease dry cargo containers.
Leasing Partners International (”LPI”), also a predecessor to Cronos, is established
to manage and lease refrigerated containers .
IEA and LPI merge and begin operating under the Cronos name.
The Cronos Group (NASDAQ: CRNS) completes a $36.4 million initial public offering.
The Cronos Group undergoes a management buyout led by its management team and Fortis Bank. The Cronos Group becomes a privately held entity.
Cronos takes over management of the majority of UES Intermodal AG’s standard container
fleet, transferring approximately 170,000 TEUs from UES to Cronos in 2010.
Kelso & Company purchases a majority interest in Cronos. BNP Paribas Fortis adjusts
its equity investment in Cronos via TCG Fund I L.P. (“TCG Fund”). Cronos acquires
the majority of its previously managed container fleet and becomes owner of a container
fleet valued at almost $1.0 billion.