Triton International to Acquire Global Container International

Container leasing giant Triton has announced its intention to acquire Global Container International (GCI), itself a container leasing company first established in 2018. The deal is valued at more than $1bn, including outstanding debt. 

Bermuda domiciled Global Container International was created by a group of experienced container-industry executives alongside a set of investment vehicles managed by Wafra. At the time of writing, GCI manages a global container fleet of around half a million TEU and has a customer base that includes many of the world’s leading shipping lines. 

Triton is the world’s largest lessor of intermodal freight containers and currently has a container fleet of approximately seven million TEU. Triton’s core competencies include the acquisition, leasing, re-leasing and subsequent sale of myriad types of intermodal containers and container chassis. 

Commenting on the expected acquisition, Triton’s chief executive, Brian Sonday, said: 

“The GCI team has created an impressive business with a well-structured long-term lease portfolio. This acquisition is an excellent strategic fit for Triton that will allow us to lock in meaningful container fleet growth. We are confident that this transaction will strengthen our ability to offer best-in-class service and support to our customers”.

The acquisition of GCI will add to Triton’s global network of 21 offices that allows the brand’s customers to access containers through more than 400 third-party owned depot facilities across 46 countries. 

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