Greenwich, Conn.-based private equity firm Littlejohn completed its previously announced acquisition of Direct ChassisLink from Maersk Inc., the U.S. subsidiary of the A.P. Moller-Maersk Group, the Journal of Commerce reports.
At the same time as it closed the transaction, Littlejohn named a new management team for DCLI.
William J. Shea, Jr., was named chairman and CEO, and Morten K. Nicolaisen was appointed president and COO of DCLI.
Shea previously served as founder and CEO of Bay Cities Leasing, an intermodal equipment provider that is now part of GECC. He continues to serve as a director of J. B. Hunt Transportation Services.
Before the closing of the DCLI acquisition, Nicolaisen served as CFO of Maersk Inc. He served in a variety of management roles at Maersk for 25 years.
Ernie R. Durando, Jr., was named executive vice president of operations for DCLI, building on a 28-year career of operational leadership roles at Maersk.