NEW YORK, March 10, 2025 -- Global Container International LLC ("GCI"), a leading lessor of marine intermodal containers, announced today that it has entered into definitive documentation to be acquired by Triton International Limited ("Triton") for total transaction value of over $1 billion (including outstanding debt). The transaction is expected to close in the first half of 2025, subject to customary closing conditions including regulatory approval.
GCI, headquartered in Boston with operations worldwide, was established in 2018 by experienced industry executives in partnership with funds managed by Wafra Inc. ("Wafra"). Since its founding, the company has successfully built a fleet of approximately half a million TEU under long-term lease to the largest shipping liners globally, becoming a core supplier of intermodal equipment to its customers.
Jeffrey Gannon, CEO of GCI, and Adrian Dunner, COO, shared, "As we end this exciting chapter, we want to say how deeply thankful we are to our customers, vendor partners, and dedicated employees, all of whom have played a critical role in our long-term success."
"From a de novo start, GCI has successfully built an efficient and scaled business with a diversified portfolio of long-term contracts," said Edward Tsai, Managing Director, Wafra. "This transaction highlights the value created by the business over the past seven years."
Goldman Sachs & Co. LLC served as exclusive financial advisor to GCI. Sidley Austin LLP acted as legal counsel to GCI in connection with the transaction.
About GCI
Launched in 2018, GCI is marine intermodal container leasing business with a fleet of over 500,000 twenty-foot equivalent units.
About Wafra
Wafra is a global alternative investment manager with approximately $28 billion of assets under management across a range of alternative assets, including real assets, real estate, and strategic partnerships. By providing flexible and accretive capital solutions and focusing on long-term partnerships, Wafra aligns and partners with high quality asset owners, companies, and management teams. Headquartered in New York, Wafra has additional offices in London and Bermuda.
CONTACT:
Prosek Partners
pro-wafra@prosek.com
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