M&A Deal Summary

Textainer Acquires Leased Assets Pool Company Limited

On December 2, 2019, Textainer acquired business services company Leased Assets Pool Company Limited for 66M USD

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

M&A Deal Summary

Date 2019-12-02
Target Leased Assets Pool Company Limited
Sector Business Services
Buyer(s) Textainer
Deal Type Add-on Acquisition
Deal Value 66M USD

Target

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.

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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 1 of 2
Sector: Business Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Bermuda M&A 1 of 1
Year: 2019 M&A 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-20 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.

Buy $1.8B