Buyer ;Arcapita, ;the Bahrain-based investment bank, turned to longstanding adviser CMS Cameron McKenna, led by corporate partner Charles Currier.
Currier said: “Despite some challenging economic conditions, deals for quality assets such as Freight- liner are still being done.”
Corporate partner Jason Zemmel and finance partner Nancy Eller also worked on the transaction.
The sellers, private equity houses 3i and Electra, were represented by Macfarlanes M&A partner Ian Martin.
Addleshaws acted for the Freightliner management through corporate partner William James.
The deal represents Camerons’ second instruction from Arcapita in as many months, after helping the bank buy Eastern European warehouse operator Pinnacle Real Estate in May.