AmericasContainers

Stonepeak buys Textainer

Photo of Sam Chambers Sam ChambersOctober 23, 2023
836 Less than a minute

Infrastructure investor Stonepeak is spending big to take over container lessor Textainer.

Textainer investors will receive $50 a share in cash, valuing the company at about $2.1bn. Factoring in Textainer’s debt, the deal is worth about $7.4bn.

The move follows on from the news in April when Toronto-based Brookfield Infrastructure Partners bought Triton International, the world’s largest owner of containers, for $4.7bn.

Founded in 1979, Textainer went public in 2007. Following the completion of the transaction, Textainer will continue to be led by its president and CEO, Olivier Ghesquiere.

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Photo of Sam Chambers Sam ChambersOctober 23, 2023
836 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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