Apollo Infrastructure agrees to invest in Primafrio

The founders and present shareholders of Primafrio, Europe’s top temperature-controlled infrastructure and logistics company, and Apollo announced that they had agreed to invest in Primafrio through the “Apollo Infrastructure” funds managed by Apollo affiliates.

Apollo Infrastructure’s investment will assist the company accelerate its strategic growth ambitions, which include infrastructure investment and worldwide expansion.

The founders of Primafrio, Executive Chairman Juan Conesa and CEO José Esteban Conesa, will remain majority shareholders and continue to run the developing company, which generated €506 million in revenue in 2021 (+10.5 percent year on year).

Apollo Infrastructure will leverage its considerable experience in transportation and logistics to assist Primafrio’s continuous innovation and long-term value generation, working with the Board and management team.

Primafrio, which was founded in 2007, has grown to become a market leader in Europe, specialized in temperature-controlled logistics services such as transportation, consolidation, and warehousing for perishable foods, pharmaceuticals, and other high-value items.