Holland & Knight Represents Carlyle Infrastructure Partners in Sale of ITS ConGlobal
WASHINGTON, D.C. (October 9, 2017) – Holland & Knight advised Carlyle Infrastructure Partners L.P., the infrastructure fund of The Carlyle Group, on the sale of ITS ConGlobal (ITSC). The deal closed on Oct. 6.
ITSC is North America’s largest integrated intermodal operator of railroad auto and intermodal terminals, container yard depots, and intermodal equipment maintenance and repair. It is headquartered in Darien, Ill., with operations in 90 locations around the U.S. and a significant presence in Mexico and Costa Rica.
The company has been acquired by Australia-based AMP Capital’s global infrastructure equity platform. AMP Capital has offices in New York, Chicago and Orange County, Calif.
“This deal marks an acceleration of our North American strategy and also reflects the momentum in our infrastructure equity business,” said Dylan Foo, head of Americas Infrastructure Equity for AMP Capital.
“We’re thrilled to have been able to secure this excellent asset for our investors after a negotiated transaction and formal auction process and look forward to applying our considerable expertise in transport including rail to help grow the company on their behalf.”
Holland & Knight Partner G. Roth Kehoe and Associate Brian Hanafin represented Carlyle Infrastructure Partners with assistance from partners John Dierking, Kendel Drew, Robert Friedman, Antonia Tzinova and Aaron Slavens; Senior Counsel Alyson Pirio; and associates Eliona Jankulla, Kristin Padgett and Ashley Panaggio.
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager based in Washington, D.C. with $170 billion of assets under management across 299 investment vehicles as of June 30, 2017.