JOC Staff | Jan 03, 2013 10:42AM EST
Intermodal container lessor Textainer Group Holdings has acquired about 24,000 20-foot-equivalent units of standard dry freight containers from its managed fleet for approximately $32.6 million.
The acquisition increases the percentage of Textainer’s owned fleet from 59 percent at the start of 2012 to 72 percent.
It furthers the company’s long-standing strategy to expand its overall fleet and increase ownership percentage, said Philip K. Brewer, Textainer’s president and CEO. “This is now Textainer’s fifth managed container acquisition in the last five months, totaling $275 million and 257,000 TEUs, as we continue to effectively deploy the additional equity we raised in the third quarter.”