KKR has agreed to sell Goodpack back to the company’s founding Lam family in a deal valuing the reusable bulk container provider at about $1.4bn, according to a source close to the transaction cited by the Business Times.

The sale marks the end of a decade-long investment for KKR, which first acquired Goodpack in 2014 through a privatisation of the then Singapore-listed group. The Lam family is understood to have retained a minority stake following that transaction.

KKR had explored options to exit Goodpack since 2020 and formally put the business up for sale in October 2024. Infrastructure investor I Squared Capital was previously reported as a frontrunner, with Brookfield Asset Management and Apollo Global Management also said to have shown interest.

Founded in 1980, Goodpack operates a global leasing model for reusable pallet-sized intermediate bulk containers used to transport high-value payloads by road, rail, and sea. The business serves multinational clients across industrial and logistics supply chains.

A source said the buyback reflects the family’s belief that Goodpack is entering a new phase of growth as global customers redesign supply chains to improve resilience, efficiency, and sustainability.

The transaction adds to a growing list of private equity exits in industrial services, where operational scaling under sponsor ownership has expanded addressable markets and improved exit optionality.

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