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Cronos History

1978
Intermodal Equipment Associates (”IEA”), a predecessor to Cronos, is formed to manage and lease dry cargo containers.



1983
Leasing Partners International (”LPI”), also a predecessor to Cronos, is established to manage and lease refrigerated containers .



1991
IEA and LPI merge and begin operating under the Cronos name.



1995
The Cronos Group (NASDAQ: CRNS) completes a $36.4 million initial public offering.



2007
The Cronos Group undergoes a management buyout led by its management team and Fortis Bank. The Cronos Group becomes a privately held entity.



2010
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.