ITE Management Acquires Majority Stake in Trend Intermodal Chassis Leasing

Oaktree Acquires Consolidated Chassis Management

October 3, 2023

Logistics & Distribution

Funds managed by the Transportation Infrastructure strategy of Oaktree Capital Management acquired Consolidated Chassis Management (CCM) from the Ocean Carrier Equipment Management Association (OCEMA). The investment provides CCM with expanded capital to support the launch and operations of the South Atlantic Consolidated Chassis Pool (SACP 3.0), fleet upgrades and broader service expansion across major Southeast U.S. ports.

Stonepeak Infrastructure Partners Acquires TRAC Intermodal

February 18, 2020

Transportation

Stonepeak Infrastructure Partners has signed a binding agreement to acquire TRAC Intermodal from investment funds managed by an affiliate of Fortress Investment Group LLC. The purchase gives Stonepeak a leading intermodal infrastructure platform—TRAC will keep its existing management team and continue operating its nationwide chassis fleet and service businesses under the new sponsor.

Funds Managed by Apollo Global Management to Acquire Majority Stake in Direct ChassisLink from EQT Infrastructure

March 7, 2019

Logistics & Distribution

Funds managed by affiliates of Apollo Global Management have entered a definitive agreement to acquire a majority stake in Direct ChassisLink, Inc. from EQT Infrastructure, which will retain a 20% minority interest. Direct ChassisLink is a leading North American provider of marine and domestic container chassis and related asset-management and logistics technology (Blume Global); financial terms were not disclosed and the transaction was expected to close in Q2 2019.

ICT Group Acquires Modality

February 12, 2025

Software

ICT Group has acquired Modality, a Dutch software firm specializing in intermodal freight transport systems (TMS/TOS). The deal strengthens ICT Group’s Logistics division, expands its capabilities in the seaport–hinterland logistics chain, and supports further growth across the Benelux and DACH regions while Modality continues to operate under its current management.

Total Transportation Services (TTSI) Acquires Marine Container Services (MCS)

April 11, 2022

Logistics & Distribution

Total Transportation Services (TTSI), a Sun Capital-backed drayage and logistics platform, has acquired Marine Container Services (MCS), a Newark, New Jersey provider of intermodal drayage and warehousing. The deal expands TTSI's East Coast footprint and adds over 130 tractors and roughly 300,000 sq. ft. of warehouse capacity across four facilities to its network.

Penske Truck Leasing Acquires Kris-Way Truck Leasing, Inc.

March 30, 2023

Transportation

Penske Truck Leasing has reached an agreement to acquire Kris-Way Truck Leasing, Inc., a New England-based transportation services company offering truck leasing, rental, maintenance and dedicated contract carriage. The deal will add Kris-Way's approximately 150 associates, over 900 vehicles and seven locations across Maine and New Hampshire to Penske's network; financial terms were not disclosed and closing was expected in Q2 2023 subject to customary approvals.