Overview

Headquartered in White Bear Lake, Minnesota, Smarte Carte has been revolutionising self-service solutions since 1970, providing its customers with convenient products like luggage solutions, secure storage, mobility, and massage chairs across more than 3,400 locations worldwide.

Within the air travel sector, Smarte Carte provides its services at over 300 airports globally, including 98 of the top 100 airports in the U.S. The company's products can also be found in amusement parks, fitness clubs, shopping malls, ski resorts and U.S. post offices.

Recent developments 

• Expanded international footprint through the successful start of operations at London Heathrow Airport, Dublin Airport, Oslo Airport, Darwin International Airport and others
• Executed synergistic bolt-on acquisitions with the purchase of Aviation Mobility, a provider of legally mandated mobility equipment for special assistance passengers at airports, and Feel Good Chairs, a leading concessionaire of vended services at retail shopping locations
• Broadened relationship with the United States Postal Service to provide lockers to c.1,000 post offices as part of a larger-scale rollout that includes other infrastructure service offerings across the national USPS footprint
• Invested in the development of new product offerings to accelerate growth with existing and new customers and technology improvements to enhance the customer experience and better manage operations
• Navigated a transformational period for the company during the COVID-19 pandemic to maintain profitability and position for, and deliver, growth as travel rebounded
• Introduced the company to the infrastructure lender market and achieved several successful rounds of financing on attractive terms

Regulatory information 
This transaction involved a recommendation of 3i Corporation.