May 13, 2016
Weil is advising EQT Infrastructure in its acquisition of Direct ChassisLink Inc. (DCLI), one of the largest providers in the U.S. of marine chassis to the container shipping industry, from Littlejohn & Co. DCLI has a fleet of approximately 120,000 marine chassis serving approximately 3,300 customers across approximately 375 active rental locations. Financial terms of the transaction were not disclosed. The deal is expected to close during the second quarter of 2016, subject to customary closing conditions.
The Weil team advising EQT Infrastructure was led by Global Private Equity Co-Head Doug Warner and included Banking & Finance partner Damian Ridealgh; Executive Compensation & Benefits partner Michael Nissan; Private Equity associates Ryan Taylor, Dianna Lee, Brennan Gumerove and Jenna McBain (not yet admitted to practice); Banking & Finance associates Thomas Mastoras and Alana St. Aude; Tax associate Benjamin Brookstone (not yet admitted to practice); and Executive Compensation & Benefits associate Amanda Rosenblum.