LONDON, February 17, 2016 /PRNewswire/ --
CedarKnight has launched a new venture called CedarKnight Containers which will fuse the experience of the group in alternative asset management with the intermodal expertise of new hire, Jonathan Holding, who has been recruited to drive the growth of the new business.
CedarKnight Containers will operate as an international supplier of container equipment and provide innovative financing solutions to select clients globally. The company's philosophy is to combine the world of finance with logistics under a single team to capitalise liquidity more efficiently in the intermodal sector. CedarKnight Containers draws together industry and investment professionals with proven backgrounds in the intermodal container and financial markets, culminating in over 70 years combined experience and client trust.
Co-founder of the CedarKnight group, Kenyon Abel, commenting said "We have monitored the container market for a number of years and believe the timing is right for a new participant to enter the intermodal container sector. We intend to apply the same rigorous standards that we operate in with our regulated business, CedarKnight Investment Management, to this venture such that we will be able to build confidence in a market where traditional asset financing banks have withdrawn from in recent years."
Industry specialist Jonathan Holding stated "CedarKnight Containers focus will be to develop and implement bespoke services and solutions to both existing and new clients. We are able to offer clients outright purchase or leasing options at a time when companies are faced with ever increasing pressures on their resources. With our unique approach we can optimise and customise our offering to meet clients' intermodal equipment requirements."
Gilly Uppal of CedarKnight added "CedarKnight Containers is looking to implement a fresh approach to a specialised but global industry, structuring finance with operational capability in a single solution for clients. We believe our team members are strongly positioned from their deep market know-how and experience with current financing structures and operational management techniques to service client demands efficiently and competitively. The boutique business model will be looking to operate and manage a scalable portfolio in a number of jurisdictions."
SOURCE CedarKnight Containers