Oaktree Capital Management, L.P., a private equity firm, has announced the acquisition of Consolidated Chassis Management LLC (CCM), a leading manager of marine chassis pools in the U.S. CCM was previously owned by the Ocean Carrier Equipment Management Association, Inc. (OCEMA), an association of 10 major international container shipping companies. Terms of the transaction were not disclosed.
CCM will have a significantly expanded capital base under its new ownership, 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 and is one of the largest fully interoperable chassis pools in the U.S., with more than 75 locations in Alabama, Florida, Georgia, North Carolina, and South Carolina. The pool offers more than 45,000 new and refurbished chassis to truckers, beneficial cargo owners, ocean carriers and other users. The pool’s interoperability and on-dock location provides meaningful environmental benefits to its users by reducing chassis moves, terminal congestion, motor carrier wait times, and truck greenhouse gas emissions.
SACP 3.0 is being established cooperatively by OCEMA, Georgia Ports Authority, Jacksonville Port Authority, North Carolina State Ports Authority, SACP, and CCM. CCM will serve as the exclusive manager and sole chassis provider for SACP 3.0 under a long-term management and supply agreement with SACP, an OCEMA affiliate.
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