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M&A Deal Summary

Textainer Acquires Seaco

On May 20, 2025, Textainer acquired business services company Seaco from Bohai Leasing Co. for 1.8B USD

Acquisition Highlights
  • This is Textainer’s 2nd transaction in the Business Services sector.
  • This is Textainer’s largest (disclosed) transaction.
  • This is Textainer’s 1st transaction in Singapore.

M&A Deal Summary
Date 2025-05-20
Target Seaco
Sector Business Services
Buyer(s) Textainer
Sellers(s) Bohai Leasing Co.
Deal Type Divestiture
Deal Value 1.8B USD

Target

Seaco

Singapore, Singapore
Seaco is a marine container leasing company with global operations, and the Company today owns and operates a container fleet greater than 2.4 million TEU across a worldwide footprint of over 360 depots and 23 offices. Seaco was formed in 1965 and is based in Singapore.

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Buyer(S) 1

Buyer

Textainer

Hamilton, Bermuda
Category Company
Founded 1979
Sector Business Services
Revenue 914M USD (2022)
DESCRIPTION

Textainer is a lessor of intermodal containers with more than 4 million TEU in its managed fleet. The company's fleet consists of standard dry freight, refrigerated intermodal containers, and dry freight specials. Textainer also leases tank containers through its relationship with Trifleet Leasing and is a supplier of containers to the U.S. Military. In addition to selling older containers, it buys older containers from shipping line customers for trading and resale. Textainer was founded in 1979 and is based in Hamilton, Bermuda.

DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
Country: Singapore M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-02 Leased Assets Pool Company Limited

Hamilton, Bermuda

Leased Assets Pool Company Limited is an owns a fleet of approximately 163,000 TEU (twenty-foot equivalent units) of intermodal containers managed by Textainer and approximately 3,000 TEU of containers managed by other container lessors. Leased Assets Pool was founded in 1994 and is based in Hamilton, Bermuda.

Buy $66M

Seller(S) 1

SELLER

Bohai Leasing Co.

Urumqi, China
Category Company
Founded 1993
Sector Retail
Employees580
Revenue 38.4B CNY (2024)
DESCRIPTION

Bohai Leasing Co. is a provider of equipment and transportation asset financial leasing services. Bohai Leasing Was founded in 1993 and is based in Urumqi, China.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Singapore M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-08 Avolon Holdings

Dublin, Ireland

Avolon Holdings Ltd. is a provider of aircraft leasing and lease management services to airlines and aircraft investors worldwide. Avolon Holdings was formed in 2010 and is based in Dublin.

Buy $7.6B
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