{{Short description|Holding company based in Bermuda}} {{Infobox company | name = Textainer Group Holdings Limited | image = 300px|frameless | type = | traded_as = {{NYSE was|TGH}} (prior to 2024) | industry = Rental and leasing services | services = leasing of intermodal containers | foundation = {{start date and age|1979}} | location_city = Hamilton | location_country = Bermuda | revenue = $ 528.97M (Dec 31, 2013)<ref>{{cite web |url=https://finance.yahoo.com/q/ks?s=TGH+Key+Statistics|title= Company Key Statistics}}</ref> | key_people = Olivier Ghesquiere {{small|(CEO)}}<br />Michael Chan {{small|(CFO)}} | owner = {{ubl|Stonepeak {{smaller|(2024–present)}}}} | founder = Ken George, Jim Sullivan<ref>{{cite web |url=https://www.textainer.com/company/history|title= Company History}}</ref> | homepage = {{URL| http://www.textainer.com}} }} 300px|thumbnail|right|Textainer 40 foot container being loaded '''Textainer Group Holdings Limited''' is a holding company that focuses on purchasing, leasing, and resale of marine cargo containers. There are three business segments: Container Ownership, Container Management, and Container Resale.
Founded in 1979 by Ken George and Jim Sullivan, the firm has its headquarters located in Hamilton, Bermuda. On March 14, 2024, it was announced that Textainer had been acquired by Stonepeak.<ref>{{Cite web|url=https://fox8.com/business/press-releases/globenewswire/9063683/stonepeak-completes-acquisition-of-textainer/|title=Stonepeak Completes Acquisition of Textainer|work=FOX8|access-date=2024-03-14|language=en}}</ref>
==Overview== As of January 22, 2014, the company was the lessor of about two million intermodal containers. It leases containers to more than 400 shipping lines and other lessees.
In October 2012, two months before purchasing a 50.1% interest in TAP Funding Ltd., the firm acquired about 81,000 twenty-foot equivalent units (TEUs) of dry freight containers from managed fleet. In January 2013, Textainer Group Holdings Ltd. (TGHL) acquired about 24,000 twenty-foot equivalent units of standard dry freight containers from its managed fleet.<ref>{{Cite web |date=2013-02-28 |title=Textainer Group Holdings Limited to Present at the Wells Fargo 2013 Industrial and Construction Conf |url=https://ca.sports.yahoo.com/news/2013-02-28-textainer-group-holdings-limited-to-present-at-the.html |access-date=2025-05-02 |website=Yahoo Sports |language=en-CA}}</ref>
It owns two subsidiaries, Textainer Equipment Management Ltd. (TEML) and Textainer Ltd. (TL). Textainer's second subsidiary has two other subsidiaries: Textainer Marine Containers Ltd. (TMCL) and TW Container Leasing Ltd. (owned by TL and Wells Fargo Container Corp.<ref>{{cite web |url=https://finance.yahoo.com/q/pr?s=TGH+Profile|title= Company Business Summary}}</ref>
== Operations == Textainer operates in 14 regional and area offices: Americas Region in Hackensack, New Jersey; European Region in London; North Asia Region in Yokohama; and the South Asia Region in Singapore. It has more than 400 leasing customers and more than 1,100 container sales customers.<ref>{{cite web |url= http://www.textainer.com/About.aspx|title= About The Company}}</ref>
In October 2009, Textainer acquired 31,000 containers (53,000 TEU) of Amphibious Container Leasing Ltd, (Amficon), mostly speciality containers.<ref>{{cite web |url= http://www.businesswire.com/news/home/20091019005355/en/Textainer-Acquire-Containers-Amficon#.Ux18f2aS3IU|title= Textainer to Acquire Containers from Amficon}}</ref> In May 2011, the firm acquired about 171,000 TEU of containers and related lease rights and working capital ($174 million) that it has been managing for Buss Global since 2006.<ref>{{cite web |url= http://investor.textainer.com/phoenix.zhtml?c=215784&p=irol-newsArticle&ID=1727883&highlight=|title= Textainer to Acquire Containers from Buss Global }}</ref>
In December 2012, TGHL acquired a 50.1% interest in TAP Funding Ltd. for about $78 million, with many types of container (dry freight, refrigerated).<ref>{{cite web |url= https://www.reuters.com/finance/stocks/TGH/key-developments/article/2667082|title= Textainer Acquires Majority Interest in 99,000 TEU Managed Container Fleet }}</ref> The following year, the company announced their fleet surpassed 3 million TEU, which represented a major milestone for the company as well as the industry.<ref>{{cite web | url = http://investor.textainer.com/phoenix.zhtml?c=215784&p=irol-newsArticle&ID=1885010&highlight=|title=Textainer Announces Major Milestone in Surpassing 3 Million TEU Fleet}}</ref>
In January 2014, Textainer Group Holdings Limited completed the acquisition of about 30,000 TEU of standard dry freight containers from its managed fleet ($35 million), which increased the percentage of Textainer’s owned fleet to 77%.<ref>{{cite web |url= http://investor.textainer.com/phoenix.zhtml?c=215784&p=irol-newsArticle&ID=1892688&highlight=|title= Textainer Acquires 30,000 TEU from Managed Container Portfolio }}</ref>
== Products and services== The '''Container Ownership''' segment owns and leases dry freight containers (also dry freight specials). The '''Container Management''' segment offers acquisition and management services. The '''Container Resale''' segment sells containers from its fleet (also purchasing, leasing, or reselling containers). The company also provides leased containers under a contract with the Surface Deployment and Distribution Command for the US military.<ref>{{cite web |url= https://www.reuters.com/finance/stocks/companyProfile?rpc=66&symbol=TGH|archive-url= https://web.archive.org/web/20140310135927/http://www.reuters.com/finance/stocks/companyProfile?rpc=66&symbol=TGH|url-status= dead|archive-date= 2014-03-10|title= Company Full Description}}</ref>
==See also== *Seaco *List of largest container shipping companies
== References == {{reflist}}
== External links == * {{Official website|http://www.textainer.com}}
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Category:Companies formerly listed on the New York Stock Exchange Category:Holding companies established in 1979 Category:Container shipping companies Category:Business services companies established in 1979 Category:1979 establishments in Bermuda Category:Companies of Bermuda Category:1979 establishments in North America Category:2024 mergers and acquisitions