Infrastructure investor ITE Management is expanding its intermodal business with the acquisition of global container lessor CS Leasing.
CS Leasing specialises in International Organization of Standardization (ISO) tank containers and dry freight specials, maintaining a fleet of 55,000 units deployed across four continents. CS Leasing serves chemical, industrial and logistics markets.
The addition of ISO tank containers and dry freight specials expands ITE’s footprint across major transportation sectors, alongside its existing rail, aviation and shipping assets.
Financial details were undisclosed.
Jennifer Polli, managing director and head of intermodal at ITE, said: “Global freight flows span both land and sea, where tank containers operate as a railcar over the ocean and serve as a natural extension of both ITE’s core focus and our intermodal strategy.
“This is a high-demand, global specialty market where operating expertise and fleet quality are critical, and CS Leasing strengthens our ability to deliver integrated solutions across transportation.”
Frank Vaughan, chief executive officer of CS Leasing, said: “ITE brings deep operational insight, long-term alignment, and a shared commitment to fleet quality and execution.
“This partnership strengthens our ability to deliver for customers, expanding access to specialised containers through flexible leasing and ownership solutions they rely on.”
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