DCLI’s ownership eyes a potential sale of the company later in 2022
Direct ChassisLink could potentially be sold by its ownership, Apollo Global Management Inc. and EQT AB Group (EQT AB), later in 2022. As of December 2021, the alternative asset managers were soliciting bids for DCLI, valuing the company at a total of $4.5 billion. The sale would follow Apollo’s purchase of a majority stake in DCLI in 2019 from EQT AB, who retained 20.0% of the company in the 2019 sale.
COVID|Competition|New Activity|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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