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.[3]
Overview
As of January 22, 2014, the company was the lessor of about two million intermodal containers. 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 units (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.[4]
It owns two subsidiaries, Textainer Equipment Management Ltd. (TEML) and Textainer Ltd. (TL).