Textainer to Buy Seaco for $1.75B With Support From Stonepeak

Key Takeaways

Sector: Transport Infrastructure & Services (traditional).
Geography: Singapore.

Analysis

Textainer Group Holdings Limited, one of the world’s largest container lessors, has announced a definitive agreement to acquire Seaco Global Ltd. for approximately $1.75 billion. The transaction is being supported by Textainer’s majority owner, Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets.

This strategic acquisition will create one of the most comprehensive container leasing platforms globally, combining Seaco’s high-quality asset portfolio and strong customer relationships with Textainer’s operational excellence and global reach.

Seaco, headquartered in Singapore, is among the top container leasing companies worldwide, with a fleet of over 2.5 million TEUs (twenty-foot equivalent units). The company provides standard and specialized container equipment to a diverse customer base across shipping lines, freight forwarders, and logistics providers.

Textainer, with more than 40 years in the industry, operates a fleet of over 4 million TEUs and maintains long-term relationships with virtually all major shipping lines. The company went private in 2023 after being acquired by Stonepeak in a deal valued at approximately $7.4 billion, including debt.

Stonepeak, with over $61 billion in assets under management, is known for investing in real assets and critical infrastructure. The firm has a global presence and a strong track record in the transportation, communications, and energy sectors. Its portfolio includes a diverse array of logistics and container infrastructure investments, with Textainer as a key holding.

The acquisition of Seaco will be financed through a combination of new debt facilities and equity contributions from Stonepeak, ensuring no material change to Textainer’s capital structure. The deal is expected to close in the second half of 2025, subject to regulatory approvals and customary closing conditions.

According to Olivier Ghesquiere, President and CEO of Textainer, “The combination of Textainer and Seaco creates a world-class platform with enhanced fleet scale, broader customer coverage, and improved operating leverage. We look forward to integrating the businesses and driving further value for our stakeholders.”

This acquisition further consolidates the global container leasing market and reflects the growing importance of scale and asset quality in the face of evolving global trade patterns and supply chain demands.