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Textainer Group Holdings Limited is a holding company that focuses on purchasing, leasing, and resale of marine cargo containers. 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. On March 14, 2024, it was announced that Textainer had been acquired by Stonepeak.
Textainer Group Holdings Limited is a holding company that focuses on purchasing, leasing, and resale of marine cargo containers. 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. On March 14, 2024, it was announced that Textainer had been acquired by Stonepeak.
Overview
As of January 22, 2014, the company was the lessor of about two millionintermodal 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 inHackensack, 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 for the US military.See also
* Seaco * List of largest container shipping companiesReferences
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