HAMILTON, Bermuda–(BUSINESS WIRE)–Typewriter Ascend Ltd, an entity controlled by Stonepeak and an affiliate of Textainer, has completed its acquisition of marine container leasing company Global Sea Containers Limited (“Seaco”) from Global Sea Containers Two Limited, a wholly owned subsidiary of Bohai Leasing Co., Ltd.
The acquisition demonstrates Stonepeak’s ongoing commitment to container leasing and reinforces Textainer’s long-standing strategic objective to be customers’ “first call” for the supply of containers.
Together, the combined fleet of Textainer and Seaco will consist of approximately 8.3 million CEU (cost equivalent units), making it the world’s largest and most diversified container fleet on a CEU basis. The acquisition also creates a differentiated container leasing platform, drawing on the strengths of both organizations to provide enhanced worldwide inventories and best in class service.
Olivier Ghesquiere, Textainer’s Chief Executive Officer, commented, “This significant transaction enables us to support our customers’ missions to provide seamless and efficient global leasing services with combined personnel, expertise, and resources. We look forward to playing a leading role in the future of the container leasing industry and supplying container solutions to facilitate our customers’ business growth.”
“Bringing together two world-class teams with deep industry expertise and a market leading global container fleet allows us to better serve our customers and grow in a dynamic global market,” said James Wyper, Board member of Textainer, and Head of Transportation & Logistics and Head of U.S. Private Equity at Stonepeak.
Nick Hertlein, Board member of Textainer and Managing Director at Stonepeak, added, “We’re proud to enable this success, and we are looking forward to what Textainer and Seaco can achieve together.”
About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $80 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include digital infrastructure, energy and energy transition, transport and logistics, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.
About Textainer
Textainer has operated since 1979 as a leading lessor of intermodal containers with 4.4 million TEU in our owned and managed fleet. We lease containers to approximately 200 customers, including all of the world’s leading international shipping lines. Our fleet consists of standard dry freight, refrigerated intermodal containers, and dry freight specials. Textainer operates via a network of 14 offices and approximately 400 independent depots worldwide. Visit www.textainer.com for additional information about Textainer.
Contacts
Kate Beers & Maya Brounstein
Stonepeak, Corporate Communications
+1 (646) 540-5225
Email: [email protected]
Michael K. Chan
Textainer, Chief Financial Officer
+1 (415) 658-8261
Email: [email protected]
