DCLI and Blume Global to be Acquired by Funds Managed by Affiliates of Apollo Global Management
Apollo Global Management, Inc. (New) (APO)
Last apollo global management, inc. (new) earnings: 5/1 07:00 am
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Source: PR Newswire
NEW YORK and CHARLOTTE, N.C., March 7, 2019 /PRNewswire/ -- Funds managed by affiliates (the "Apollo Funds") of Apollo Global Management, LLC (together with its consolidated subsidiaries, "Apollo") (NYSE: APO) today announced they have entered into a definitive agreement to acquire Direct ChassisLink, Inc. ("DCLI" or "the company") and Blume Global, Inc. ("Blume Global") from EQT Infrastructure ("EQT"). As part of the transaction, EQT will retain a 20% minority stake in DCLI and Blume Global. The transaction, which is conditioned on customary regulatory approvals, is expected to close in the second quarter of 2019. Financial terms of the transaction were not disclosed.Since its launch in 2009, DCLI has grown to become the leading North American provider of domestic and marine chassis to the intermodal supply chain. The company operates an extensive network of approximately 235,000 chassis across more than 450 locations, meaning nearly one in every three containerized shipments in the
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APO
Earnings
- 2/8/24 - Beat
APO
Sec Filings
- 4/11/24 - Form 4
- 3/21/24 - Form 4
- 3/5/24 - Form 4
- APO's page on the SEC website