I Squared-backed American Intermodal Management to merge with FlexiVan Leasing.

I Squared-backed American Intermodal Management, a chassis leasing platform that owns and leases marine chassis, agreed to merge with FlexiVan Leasing, which provides chassis leasing services. Financial terms were not disclosed. "I Squared Capital is expanding its global presence across the transportation and logistics value chain with approximately $2.2bn of equity capital committed across North America, Europe and Asia. We are now a leader in trailer and chassis leasing across Europe, Canada and the US as well as the largest private owner of highways in India. This is our fifth acquisition in the transport and logistics sector in the last six months and a key milestone as we expand our presence in the US market," Adil Rahmathulla, AIM Chairman of the Board and I Squared Capital Managing Partner.