CSL specialises in ISO tank containers and dry freight specials, with approximately 55,000 units deployed across four continents. The transaction was completed through ITE’s managed funds.
By adding tank containers and dry freight specials to its existing portfolio of rail, chassis, dry container, and aviation assets, ITE says it is expanding its presence across key freight transport sectors. CS Leasing serves chemical, industrial, and logistics markets where fleet quality, safety, and operational reliability are critical, reinforcing ITE’s focus on operationally intensive transportation infrastructure.
“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,” said Jennifer Polli, managing director and head of intermodal at ITE. “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 transport.”
“ITE brings deep operational insight, long-term alignment, and a shared commitment to fleet quality and execution,” said Frank Vaughan, CEO of CS Leasing. “This partnership strengthens our ability to deliver for customers, expanding access to specialised containers through flexible leasing and ownership solutions they rely on.”
The acquisition follows ITE’s purchase of Milestone Chassis and reflects continued investment in the intermodal sector as global logistics demand greater flexibility and co-ordination across modes.
