Textainer Acquires 30,000 TEU from Managed Container Portfolio
Textainer Group Holdings Limited (NYSE: TGH), the world’s largest lessor of intermodal containers based on fleet size, has acquired approximately 30,000 TEU (twenty-foot equivalent units) of standard dry freight containers from its managed fleet for approximately $35 million.
The acquisition consists of standard dry freight containers and increases the percentage of Textainer’s owned fleet to 77%.
“We are pleased to once again purchase containers from our managed fleet as we continue to execute on Textainer’s long standing strategy to grow our overall fleet and increase the ownership percentage,” stated Philip K. Brewer, Textainer President and Chief Executive Officer. “This transaction increases the owned portion of our fleet to 77% up from 59% owned at the start of 2012.”
Textainer Group Holdings Limited has operated since 1979 and is the world’s largest lessor of intermodal containers based on fleet size. Textainer has more than 2 million containers, representing more than 3 million TEU, in its owned and managed fleet. More info at: www.textainer.com.
Category: General Update
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