Stonepeak, an alternative investment firm specializing in infrastructure and real assets, completed its acquisition of intermodal container lessor Textainer.
“Today we embark on Textainer’s exciting next chapter with a renewed commitment to delivering high quality equipment and best-in-class service to our customers worldwide,” Olivier Ghesquiere, president and CEO of Textainer, said. “Over the years, we have established Textainer as our customers’ ‘first call’ for containers, and we look forward to continuing to earn our customers’ trust while growing with them. We’re pleased to have found a great partner in Stonepeak, whose industry expertise and resources position us well to achieve our long-term goals. We’d like to thank our employees, whose hard work and dedication will continue to be the foundation of our success as part of Stonepeak.”
“We are excited to close this transaction with Textainer and are optimistic about the opportunities ahead for the company,” James Wyper, senior managing director at Stonepeak, said. “As one of the largest intermodal container leasing companies in the world, Textainer has continued to prove its importance as a critical link in the global supply chain. By leveraging Stonepeak’s experience and focusing on capital discipline, operational improvements and excellent customer service, we believe Textainer will be well-positioned for the future. Olivier and the talented team at Textainer have done an excellent job of executing on the Company’s strategy to date, and we look forward to partnering closely with the team as the company continues to grow.”
BofA Securities served as financial advisor to Textainer, and O’Melveny & Myers acted as lead legal counsel. Deutsche Bank acted as financial advisor to Stonepeak, and Simpson Thacher & Bartlett acted as lead legal counsel.
