JSL, Vamos and CSB are Brazilian companies controlled by the SIMPAR Group, ("SIMPAR", or the "Group"). SIMPAR controls and manages six independent companies that provide value-added rental, logistics, mobility and financial services, focused on long-term contracts. Overall, the companies that are part of SIMPAR buy, rent, maintain, finance, operate and sell vehicles and equipment. JSL is the leader in road logistics services in Brazil; VAMOS s is the leader of rental and sale of trucks, machinery, and equipment in Brazil; and CSB focuses on providing long term services to public companies, including passenger transportation, waste disposal, road and port terminal concessions.
The proposed operation for CSB (the "Project") aims at supporting the Client efforts to reduce greenhouse gas emissions ("GHG") in its operations. Transaction objectives include: (i) increase the participation of light and heavy electric, hybrid and flex fuel vehicles in its fleet; and (ii) innovation projects to optimize its operational process and integrating systems through the inclusion of technologies and programs to reduce the overall carbon footprint of its operations.