Textainer Buys Majority Stake in 99,000 More Containers
Textainer Group Holdings said it acquired a 50.1% interest in TAP Funding, which owns about 99,000 TEU (twenty-foot equivalent unit) of containers, currently managed by Textainer, for about $78 million. The buy includes a well-diversified mix of container types, including…
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standard dry freight, refrigerated and specialized dry freight containers, it said, and has high utilization and a diversified lessee mix. In 2012, Textainer acquired more than 230,000 TEU from managed container acquisitions and increased the percentage of its owned fleet from 59% at the start of 2012 to 71% including this transaction, it said.