White & Case Advises I Squared Capital on Portfolio Company Agreement to Merge with Third-Largest Marine Chassis Provider in the US

Press Release
1 min read

Global law firm White & Case LLP has advised I Squared Capital, through its portfolio company American Intermodal Management (AIM), a US-based marine chassis lessor, on an agreement to merge with FlexiVan Leasing, the third-largest marine chassis provider in the US, owned by Castle & Cooke. I Squared Capital will assume a controlling interest in FlexiVan, with Castle & Cooke maintaining a minority interest in the combined business. 

Formed as a logistics platform by I Squared Capital in 2016, AIM has grown into a leading chassis lessor providing GPS-enabled services to retailers, logistics companies and shipping lines in the U.S. intermodal supply chain. AIM's innovative technology solutions complement the deep experience and relationships that FlexiVan has established over many years. 

I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, telecom, transport and social infrastructure in the Americas, Europe and Asia. 

The White & Case team was led by partners Marwan Azzi and Matthew Hurlock, and included associates Mathew Hendy, Kristen Röhr, Jane Kim, Nasir Tak, Morgan Somerset, Vanessa Oh and Brian Munsie (M&A). The team also included partner Sang Ji and associate Michael Rodgers (Tax); partners Justin Wagstaff and Sherri Snelson, and associates Joe Babitz and Graham Silnicki (Banking); partner Andrew Weisberg and associate Abigail Simon (Capital Markets); partner Seth Kerschner and associate Brittany Curcuru (Environment); partner Steven Lutt and associate Julianne Prisco (Real Estate); partner Maria Beguiristain (White Collar), counsel Paul Pittman (Cybersecurity) and Poonam Gupta (Immigration).

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