Oaktree Capital Management to acquire Consolidated Chassis Management from OCEMA.

Oaktree Capital Management, a private equity company, agreed to acquire Consolidated Chassis Management, a transportation company that provides consolidated chassis management services, from OCEMA, an association of major US and foreign flag international ocean common carriers. Financial terms were not disclosed. “We are enthusiastic about the prospects of our new partnership with the Oaktree Transportation Infrastructure team, who bring deep understanding and experience in the U.S. maritime and intermodal sectors. With Oaktree’s backing, CCM will be very well-positioned to carry out the innovative vision of the Ports and OCEMA to create the largest truly interoperable chassis utility in the country,” Mike Wilson, CCM CEO.