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The world's largest operator in the luggage cart rental business. Based in White Bear Lake, Minnesota, near St. Paul, Smarte Carte operates in 154 airport locations worldwide. Smarte Carte also has locker operations in more than 226 locations. In October 1996, CHPII sold Smarte Carte to a private equity investment partnership for $113.5 million, achieving a 151 percent compound annual return on its investment.
November 07, 1996
Castle Harlan Announces Sale of Smarte Carte
NEW YORK, November 7 -- Castle Harlan, Inc., the New York merchant bank, announced today the sale of its interest in Smarte Carte Corporation, the world's leading airport baggage cart and locker services company, to Haas Wheat & Partners, a…
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