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

Jun 24, 2022over 3 years ago

Acquiring Company

OMERS and OMERS Infrastructure

Acquired Company

Direct ChassisLink

SustainabilityInformation TechnologyPrivacy And SecurityGovernment And MilitaryFinancial 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.

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

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed