Littlejohn & Co., a Greenwich, CT-based private equity firm has acquired Direct ChassisLink (DCLI), a company that rents and leases chassis to drayage companies and steamship lines in the United States, from Maersk Inc., a subsidiary of the A.P. Moller-Maersk Group.
DCLI 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 United States. The investment will be dedicated to helping the company grow and continue providing service to port terminal operators, shipping lines, truckers and railroads.
In conjunction with the closing of the transaction, William J. Shea, Jr. was named Chairman and CEO and Morten K. Nicolaisen as President and COO of DCLI. Ernie R. Durando, Jr. was named Executive Vice President of Operations for DCLI. He joins from Maersk.
Mr. Shea previously served as founder and CEO of Bay Cities Leasing, an intermodal equipment provider. Mr. Nicolaisen served as CFO of Maersk Inc..