Textainer Group Holdings Limited is a holding company that focuses on purchasing, leasing, and resale of marine

cargo containers Containerization is a system of intermodal freight transport using intermodal containers (also called shipping containers, or ISO containers). Containerization, also referred as container stuffing or container loading, is the process of uni ...

. There are three business segments: Container Ownership, Container Management, and Container Resale. Founded in 1979 by Ken George and Jim Sullivan, the firm has its headquarters located in

Hamilton, Bermuda Hamilton is the capital city of the British Overseas Territory of Bermuda, and the main settlement of Pembroke Parish. A port city, Hamilton is Bermuda's financial and commercial centre, and a popular tourist destination. Its population of ...

. On March 14, 2024, it was announced that Textainer had been acquired by

Stonepeak Stonepeak (also known as Stonepeak Partners and Stonepeak Infrastructure Partners) is an American investment firm headquartered in New York City. The firm focuses on investments in infrastructure and more recently real estate. The firm has addi ...

Overview

As of January 22, 2014, the company was the lessor of about two million

intermodal container An intermodal container, often called a shipping container, or a freight container, (or simply "container") is a large metal crate designed and built for intermodal freight transport, meaning these containers can be used across different Mode ...

s. It leases containers to more than 400 shipping lines and other lessees. In October 2012, two months before purchasing a 50.1% interest in TAP Funding Ltd., the firm acquired about 81,000

twenty-foot equivalent unit The twenty-foot equivalent unit (abbreviated TEU or teu) is a general unit of cargo capacity, often used for container ships and container ports.Rowlett, 2004. It is based on the volume of a intermodal container, a standard-sized metal box tha ...

s (TEUs) of dry freight containers from managed fleet. In January 2013, Textainer Group Holdings Ltd. (TGHL) acquired about 24,000 twenty-foot equivalent units of standard dry freight containers from its managed fleet. It owns two subsidiaries, Textainer Equipment Management Ltd. (TEML) and Textainer Ltd. (TL). Textainer's second subsidiary has two other subsidiaries: Textainer Marine Containers Ltd. (TMCL) and TW Container Leasing Ltd. (owned by TL and Wells Fargo Container Corp.

Operations

Textainer operates in 14 regional and area offices: Americas Region in

Hackensack, New Jersey Hackensack is the most populous municipality in and the county seat of Bergen County, New Jersey, Bergen County, in the U.S. state of New Jersey.

; European Region in London; North Asia Region in

Yokohama is the List of cities in Japan, second-largest city in Japan by population as well as by area, and the country's most populous Municipalities of Japan, municipality. It is the capital and most populous city in Kanagawa Prefecture, with a popu ...

; and the South Asia Region in

Singapore Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...

. It has more than 400 leasing customers and more than 1,100 container sales customers. In October 2009, Textainer acquired 31,000 containers (53,000 TEU) of Amphibious Container Leasing Ltd, (Amficon), mostly speciality containers. In May 2011, the firm acquired about 171,000 TEU of containers and related lease rights and working capital ($174 million) that it has been managing for Buss Global since 2006. In December 2012, TGHL acquired a 50.1% interest in TAP Funding Ltd. for about $78 million, with many types of container (dry freight, refrigerated). The following year, the company announced their fleet surpassed 3 million TEU, which represented a major milestone for the company as well as the industry. In January 2014, Textainer Group Holdings Limited completed the acquisition of about 30,000 TEU of standard dry freight containers from its managed fleet ($35 million), which increased the percentage of Textainer’s owned fleet to 77%.

Products and services

The Container Ownership segment owns and leases dry freight containers (also dry freight specials). The Container Management segment offers acquisition and management services. The Container Resale segment sells containers from its fleet (also purchasing, leasing, or reselling containers). The company also provides leased containers under a contract with the

Surface Deployment and Distribution Command The Military Surface Deployment and Distribution Command (SDDC) is the Army Service Component Command of the U.S. Transportation Command (USTRANSCOM) and is a major subordinate command to United States Army Materiel Command, Army Materiel Command ...

for the US military.

References

External links

* {{Authority control Companies formerly listed on the New York Stock Exchange Holding companies established in 1979 Container shipping companies Business services companies established in 1979 1979 establishments in Bermuda Companies of Bermuda 1979 establishments in North America 2024 mergers and acquisitions

Overview

Operations

Products and services

See also

References

External links