Growth has been achieved with the help of several new client installations over recent months, including Waterfront Container Leasing Co Inc, Beacon Intermodal and Unitas Services UK Ltd. The single largest contributory factor, however, was a major project resulting from the 2007 acquisition of Carlisle Leasing International and Interpool by Fortress Investment Group (FIG).
Carlisle Leasing has a long history with Real Asset Management, having been a customer for ten years. Following the FIG acquisition, Carlisle Leasing and Interpool formally merged their respective refrigerated and dry freight container fleets late last year under a single new brand, Seacastle Container Leasing, creating one of the largest global operating lessors of intermodal equipment. The Seacastle portfolio now comprises 950,000 teu of dry freight and refrigerated containers and 249,000 chassis, as well as container ships.
The newly-merged group has now deployed RAM’s Rental4000 system, the specialist lease management application already used by Carlisle Leasing, as the software solution for its leased container portfolio. The software implementation project entailed roll-out of the Rental4000 system across the entire Seacastle Container Leasing fleet in a short space of time, ensuring a seamless transition for existing Carlisle and Interpool customers regarding invoicing and payment under the new Seacastle brand. Work started during August 2007 and go-live was achieved just four months later.