Typewriter Ascend, an entity controlled by Stonepeak and an affiliate of Textainer, has agreed to acquire Global Sea Containers (Seaco) from Bohai Leasing Co., which is listed on the Shenzhen Stock Exchange, for an equity purchase price of $1.75 billion.
Seaco, incorporated in Bermuda, is a marine container leasing company with global operations. The company owns and operates a container fleet greater than 2.4 million twenty-foot equivalent units (TEU) across a worldwide footprint of more than 360 depots and 23 offices.
“This is an exciting moment for both Textainer and Seaco,” said James Wyper, board member of Textainer, and head of transportation and logistics and head of U.S. private equity at Stonepeak. “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 ar
