Stonepeak’s shipping container lessor Textainer is acquiring marine container leasing company Global Sea Containers (Seaco) for $1.75bn (€1.6bn).
Typewriter Ascend, owned by Textainer has agreed to buy Seaco from Bohai Leasing.
Seaco, founded in 1965, is a global company that today owns and operates a container fleet of over 2.4 million 20-foot equivalent units supported by more than 360 depots and 23 offices worldwide.
Olivier Ghesquiere, Textainer’s CEO, said: “With the combined expertise and resources of both companies, our business will be better positioned to serve its customers with expanded available inventory and a broader range of container solutions.”
James Wyper, board member of Textainer, head of transportation and logistics and head of US private equity at Stonepeak, said: “This is an exciting moment for both Textainer and Seaco. By bringing together two world-class teams with deep industry expertise, we’re building a stronger, more resilient company that’s better positioned to serve our customers and grow in a dynamic global market.
“We’re proud to support this success and we are looking forward to what Textainer and Seaco can achieve together.”
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