I Squared Capital

1NCE GmbH is a provider of Internet data connectivity services, specializing in narrowband and low bandwidth connections for business-to-business applications. Founded in 2017 and headquartered in Cologne, Germany, the company offers a unique IoT Flat Rate plan that provides reliable cellular connectivity and software services in 140 countries worldwide. This plan allows for a one-off payment of $10 for a decade of service, making it an affordable option for various IoT applications, including smart utilities, asset tracking, and vehicle telematics. 1NCE's offerings include multimode-support SIM cards that facilitate mobile communication between devices, ensuring global network coverage and scalable solutions for its clients. With a workforce of around 200 employees, the company also maintains offices in several international locations including Amsterdam, Hamburg, and Miami.

Rubis is an independent international operator focused on the downstream oil and chemicals sector, with its activities organized into three main areas: distribution of liquefied petroleum gas (LPG) and fuel oils, bulk liquid storage, and support services. The company specializes in niche markets and maintains control over its supply infrastructures to achieve competitive product costs and strong market positions. Since 2000, Rubis has expanded its presence across three continents through direct investments and acquisitions. Its product offerings include service station fuels, industrial diesel, aviation fuels, and both bottled and bulk LPG. Additionally, Rubis is a leading independent provider of liquid product storage services in France and Northern Europe, handling petroleum, chemicals, fertilizers, and vegetable oils. The company further enhances its operations with specialized infrastructure to support product inflows and outflows, primarily in the Caribbean and Africa, focusing on logistics and supply chain services that facilitate downstream distribution and marketing activities.

WOW Logistics is a logistics company specializing in multi-temperature warehousing services, including food-grade ambient, refrigerated, and freezer storage. Founded in 1977 and headquartered in Neenah, Wisconsin, the company operates 11 facilities across two states, encompassing 6 million square feet of warehouse space, with 22 million cubic feet dedicated to refrigeration. In addition to warehousing, WOW Logistics offers solutions in transportation, operations, real estate development, and commodity purchasing, with a strong emphasis on food safety. The company employs a state-of-the-art warehouse management system to enhance its operational efficiency and provide integrated supply chain alternatives for businesses.

1NCE GmbH is a provider of Internet data connectivity services, specializing in narrowband and low bandwidth connections for business-to-business applications. Founded in 2017 and headquartered in Cologne, Germany, the company offers a unique IoT Flat Rate plan that provides reliable cellular connectivity and software services in 140 countries worldwide. This plan allows for a one-off payment of $10 for a decade of service, making it an affordable option for various IoT applications, including smart utilities, asset tracking, and vehicle telematics. 1NCE's offerings include multimode-support SIM cards that facilitate mobile communication between devices, ensuring global network coverage and scalable solutions for its clients. With a workforce of around 200 employees, the company also maintains offices in several international locations including Amsterdam, Hamburg, and Miami.

Transportation Equipment Network encompasses the operations of Star Leasing, CTL, Cooling Concepts, and NETS Leasing, delivering comprehensive solutions for the semi-trailer industry. The company specializes in trailer leasing and fleet management, offering services such as custom breakdown data reporting, analytics, and lease maintenance. Additionally, Transportation Equipment Network provides emergency trailer breakdown and repair management services, enhancing operational efficiency for its clients. Their mobile application facilitates real-time requests for roadside assistance and tracking of repairs, enabling businesses to improve productivity and reduce costs. By addressing trailer breakdown issues and offering tailored services, Transportation Equipment Network positions itself as a leader in the transportation equipment sector.

Rubis Terminal is distribution of petroleum products and bulk-liquid storage.

Pinnacle Midstream LLC is a midstream services provider based in Houston, Texas, specializing in supporting oil and gas producers. Founded in 2014, the company offers a range of services including natural gas gathering and processing, crude oil gathering and stabilization, transloading, storage, produced water gathering, and saltwater disposal. Pinnacle Midstream focuses on creating strategic partnerships with producers to enhance the efficiency and profitability of their operations. By utilizing advanced technology and tailored solutions, Pinnacle aims to deliver products to market more quickly than competitors, thereby maximizing revenue for its partners. The company operates as a subsidiary of EagleClaw Midstream Services, LLC, and has established itself as a key player in various North American basins by meeting the energy infrastructure needs of its clients.