ITE Management L.P. has acquired North American Chassis Pool Cooperative (NACPC), adding 20,000 chassis to its intermodal platform and expanding its coast-to-coast coverage, according to FreightWaves.
Deal Structure and Fleet Expansion
Privately-held NACPC, based in Nashville, operates 20,000 chassis serving major intermodal markets across North America. The acquisition brings New York-based ITE Management's fleet to 60,000 units, according to FreightWaves. No terms were disclosed. The strategic consolidation gives ITE a roughly 30% share of the 200,000 chassis operated as part of cooperative pools, addressing a recurring bottleneck in drayage and port operations.
Executive Comments
Darren Hawkins, CEO of NACPC, stated in a release: "Milestone, Trend, and NACPC have each built strong businesses with their own identities, but they're united by a common approach: deep industry expertise, responsive service, and a commitment to quality. Bringing these companies together creates a more powerful platform that expands our reach while continuing to deliver the reliable equipment and service our customers expect."
Jennifer Polli, head of Intermodal at ITE Management, said: "We see significant opportunity to create long-term value in the chassis market through focused expertise and operational excellence. Scaling our chassis leasing platform strengthens our commitment to this essential segment and reinforces ITE's core strategy."
Market Impact and Service Offerings
ITE emphasized its fleet offers coast-to-coast coverage and a broad range of solutions including term leases, daily rentals, chassis pools, and customized programs. All three businesses — Milestone, Trend, and NACPC — will initially continue to operate under their existing brands led by Hawkins, according to FreightWaves. NACPC had previously acquired chassis maker Pratt in 2021, further strengthening its equipment supply.
| Metric | Pre-Acquisition | Post-Acquisition |
|---|---|---|
| ITE fleet size | 40,000 units | 60,000 units |
| NACPC fleet size | 20,000 units | Integrated |
| Cooperative pool share | ~20% (estimated) | ~30% (reported) |
Implications for Freight Forwarders and Operators
The addition of 20,000 chassis to ITE's platform directly addresses chassis availability issues that have long plagued drayage and port operations. For intermodal customers, the expanded fleet and broader geographic footprint mean potentially improved access to equipment and reduced dwell times. The consolidation under a single management structure, while maintaining separate brands, aims to combine deep industry expertise with operational scale. Shippers and logistics managers can expect a more reliable supply of chassis across key freight corridors as ITE leverages its 30% cooperative pool share to enhance service continuity.
Sources:
