RM2 International, Inc. announced a strategic partnership with Orion Infrastructure Capital (OIC) to expand RM2âs pallet pooling fleet in support of existing customer demand. The investment was executed from OICâs Credit Opportunities Fund III which will provide up to $150 million to further expand RM2âs U.S. pallet pooling operations. RM2 has developed and deployed their proprietary, trackable composite pallet in a multi-year contracted leasing model with customers across North America.
The RM2 composite pallet offers a cost-competitive alternative to traditional pallets, while also enhancing supply chain efficiencies as well as improving the environmental and safety profile of customers' logistics operations. The data provided through RM2âs BLOCKPal ELIoT Internet of Things-connected tracker allows customers to identify in real-time wayward shipments, temperature anomalies and shocks, making for safer, timely and more efficient deliveries. RM2âs customers and end users include major food and beverage companies as well as big box retailers that value RM2âs hygienic, durable and trackable product offering and their hands-on customer service.
PMB Capital Limited served as financial advisor to RM2. Wuersch & Gering LLP acted as principal legal advisor to RM2 and Vinson & Elkins LLP acted as principal legal advisor to OIC.