7 April 2026
London, United Kingdom

EVAARO, a portfolio company of MML Keystone, today announced the acquisition of Keg Logistics (USA) and North Keg (Canada) from its existing shareholders, including Seaport Capital. The combination with EVAARO’s existing keg pooling business, ekeg (UK & Ireland), creates a unified, multi-jurisdictional keg management & pooling platform operating across the UK & Ireland, the USA, Canada and the EU. The transaction is supported by a senior secured credit facility arranged by Invesco Direct Lending, the private credit platform of Invesco, a leading global investment management firm.

Strategic Rationale

The transaction bolsters MML Keystone’s ambition to back a leading keg pooling, leasing, servicing and tracking company in the sustainable circular beverage economy.

Through EVAARO’s varied keg management offerings, servicing capabilities and brands, the group will have a customer base approaching 3,000 brewers globally and enable cross-border commercial relationships with global brewing customers.

Capital Access & Operational Continuity

This transaction positions Keg Logistics and North Keg to accelerate growth, deepen service capabilities, and reach new customers in their markets. The backing by MML Keystone provides meaningful resources to expand genuine pooling solutions, pursue larger-scale transactions with major brewers, and deliver a level of service and operational reliability that outperforms current market alternatives.

Customers and suppliers can expect business continuity, with no immediate changes to account management or operational processes.

The transaction is expected to close by the end of April 2026.