GIC, OMERS Infrastructure and Wren House have agreed to jointly acquire Direct ChassisLink Inc. (DCLI) from investment funds managed by Apollo and EQT.
DCLI, one of the largest chassis lessors in the United States, enables over-the-road transportation of containerized freight to and from ports, railyards and customer locations. With more than 151,000 marine and 100,000 domestic chassis in its fleet, DCLI operates out of strategic locations across key port and rail terminals.
“This agreement underscores the tremendous growth DCLI has enjoyed since our founding in 2012 and all we do to serve the nation’s intermodal transportation system,” said Bill Shea, CEO of DCLI. “We thank Apollo and EQT for investing in our success, and look forward to working with OMERS, Wren House and GIC to sustain those investments and do even more to serve our customers’ supply chain needs.”
Closing of the transaction is expected in the second half of 2022. Financial terms of