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Gic, Omers Infrastructure And Wren House To Acquire Direct Chassislink Inc.

PRIVATEJun 24, 2022

Acquiring Company

OMERS and OMERS Infrastructure

Acquired Company

Direct ChassisLink

Information TechnologySustainabilityGovernment And MilitaryPrivacy And SecurityFinancial Services

Description

GIC, OMERS Infrastructure and Wren House have announced the signing of an agreement to jointly acquire Direct ChassisLink Inc. (DCLI) from investment funds managed by Apollo and EQT. DCLI is a leading chassis provider in the U.S., enabling over-the-road transportation of containerized freight to and from ports, railyards, and customer locations. Terms of the investment are not being disclosed.

Quick answer

OMERS and OMERS Infrastructure and Wren House are acquiring Direct ChassisLink, announced June 24, 2022.

How much did OMERS and OMERS Infrastructure pay for Direct ChassisLink?
The deal value was not disclosed.
What does OMERS and OMERS Infrastructure do?
OMERS Infrastructure manages investments globally in infrastructure on behalf of OMERS, a defined benefit pension plan for municipal employees in the Province of Ontario, Canada, and third-party investors through its..

Source: Fundz verified event record.

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Company Information

Company

OMERS and OMERS Infrastructure

About

OMERS Infrastructure manages investments globally in infrastructure on behalf of OMERS, a defined benefit pension plan for municipal employees in the Province of Ontario, Canada, and third-party investors through its Strategic Partnership Program. OMERS Infrastructure currently has approximately C$32 billion in assets under management and over 30 investments, principally in North America, Europe and Asia-Pacific and across sectors including energy, digital services, transportation and government-regulated services. OMERS Infrastructure has employees in Toronto, New York, the U.K., Continental Europe (including Amsterdam, NL), Asia and Australia. More information: www.omersinfrastructure.com.

Company

Wren House

Location

Pall Mall

About

Wren House is a London-based captive global infrastructure investment manager, with a focus on delivering attractive risk adjusted equity returns through a disciplined investment approach, a long-term responsible investment horizon and active asset management. With a flexible and commercial approach to investment, we have a clear mandate and a long-term view without the need to exit. Wren House has a team of nearly 30 professionals. Our portfolio has included investments in airports, ports, water, energy generation (conventional and renewables), distribution and transmission, social and digital infrastructure and spans 11 countries and over 20,000 employees in the US, UK, Europe, Australia, Central and South America. Further information on Wren House and its portfolio is available at: http://wrenhouseinfra.com

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Frequently asked

Who acquired Direct ChassisLink?

Direct ChassisLink was acquired by OMERS and OMERS Infrastructure. The deal was reported on June 24, 2022. OMERS and OMERS Infrastructure is privately held and operates in Information Technology.

When did OMERS and OMERS Infrastructure acquire Direct ChassisLink?

OMERS and OMERS Infrastructure's acquisition of Direct ChassisLink was reported on June 24, 2022. GIC, OMERS Infrastructure and Wren House have announced the signing of an agreement to jointly acquire Direct ChassisLink Inc. (DCLI) from investment funds managed by Apollo and EQT. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Direct ChassisLink do?

DCLI is the largest container chassis leasing and chassis pool provider to the U.S. intermodal industry. It is privately held.

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