Scott-Macon Advises EQT Infrastructure II Fund in its Acquisition of Direct ChassisLink Inc
The EQT Infrastructure II Fund (“EQT Infrastructure II”) has agreed to acquire Direct ChassisLink Inc. (“DCLI”) from Littlejohn & Co. DCLI is one of the largest US providers of marine chassis to the container shipping industry.
Headquartered in Charlotte, NC, DCLI has a fleet of approximately 120,000 marine chassis in the US that are used to carry containers to and from ships in port and local destinations or intermodal hubs for long haul transport by rail or truck, as well as for last mile distribution. DCLI serves over 3,300 customers across the US while also managing an additional 92,000 domestic containers owned by third parties through its REZ-1 platform.
EQT Infrastructure II is a €1.9 billion fund investing in medium-sized infrastructure businesses across Europe and North America. Investment targets include regulated infrastructure, concession-based infrastructure, market-based infrastructure and services businesses with infrastructure characteristics.
Scott-Macon’s Transportation & Logistics Group served as financial advisor to EQT Infrastructure II on this transaction. The transaction is expected to close during the second quarter of 2016. Please contact Price Blackford, Managing Director & Group Head, for additional information.