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Oaktree Capital Acquires Consolidated Chassis Management.

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Vincent

MANews-(C)2009-2023

Funds managed by the Transportation Infrastructure strategy of US-based Oaktree Capital Management, L.P. has agreed to acquire US-based marine chassis pools manager Consolidated Chassis Management LLC, the company said.

Terms of the transaction were not disclosed.

CCM has been owned since its inception by the Ocean Carrier Equipment Management Association, Inc. (OCEMA), an association of 10 major international container shipping companies.

Under its new ownership, CCM will have a significantly expanded capital base providing the financial support it needs for the successful launch of the new South Atlantic Consolidated Chassis Pool (SACP 3.0).

The SACP 3.0 chassis pool began operations on October 1, 2023. CCM will serve as the exclusive manager and sole chassis provider for SACP 3.0 under a long-term management and supply agreement with South Atlantic Consolidated Chassis Pool LLC (SACP), an OCEMA affiliate.

SACP 3.0 is being established cooperatively by OCEMA, Georgia Ports Authority, Jacksonville Port Authority, North Carolina State Ports Authority, SACP, and CCM.

The newly reconstituted pool will offer more than 45,000 new and refurbished chassis to truckers, beneficial cargo owners, ocean carriers...

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