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 organisations to provide enhanced worldwide inventories and service.
Olivier Ghesquiere, Textainer’s CEO, 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 serve better our customers and grow in a dynamic global market,” said James Wyper, board member of Textainer, and head of transportation & logistics and head of US Private Equity at Stonepeak.