Maersk Inc., a subsidiary of
the A.P. Moller-Maersk Group, has agreed to sell its subsidiary Maersk
Equipment Services Company, Inc. (doing business as Direct ChassisLink Inc) to
the private investment firm, Littlejohn & Co.
The transaction is expected
to be completed in March of 2012, subject to regulatory approvals and
satisfaction of customary closing conditions.
Direct ChassisLink Inc
(DCLI) rents and leases chassis to drayage companies and steamship lines in the
US. The company owns or leases approximately 66,000 chassis through a network
of 129 locations strategically located on or near key ports and other
intermodal hubs in the US.
"The A.P. Moller-Maersk
Group's strategy is to build on its strong presence in shipping, energy and
related activities. We have been pleased with the business levels, the
profitability and the quality of management at DCLI. It is, however, a provider
of chassis, and it does not fit in our long-term strategic focus. The sale will
allow the Group to reallocate resources to the strategic focus areas within
shipping, energy and related activities," stated J. Russell Bruner,
Chairman and CEO of Maersk Inc.
Littlejohn & Co. is a
Greenwich, Connecticut-based private equity firm focused on investing in
middle-market companies that are undergoing a fundamental change in capital
structure, strategy, operations or growth.
Source : EFT, 09.02.12
(Content provided in partnership with Transport Intelligence).
Tidak ada komentar:
Posting Komentar