Triton International To Acquire Global Container International In $1 Billion Deal

Boston-based Global Container International LLC (GCI), a leading marine intermodal container lessor, has announced its acquisition by Triton International Limited in a deal valued at over $1 billion, including outstanding debt. The transaction is expected to close in the first half of 2025, pending regulatory approvals.

GCI’s Growth and Industry Impact

• Founded in 2018, GCI has grown into a major intermodal equipment supplier with a fleet of approximately 500,000 TEU under long-term lease agreements with top global shipping liners.
• The company was established through a partnership between experienced industry executives and Wafra Inc., a global investment firm.
• CEO Jeffrey Gannon and COO Adrian Dunner expressed gratitude to customers, employees, and partners for their contributions to GCI’s success.

Strategic Importance of the Deal

• Wafra Managing Director Edward Tsai highlighted the value created over the past seven years, emphasizing GCI’s efficient and scalable business model with a diversified portfolio of long-term contracts.
• The acquisition strengthens Triton International’s position as a leading intermodal container lessor, enhancing its ability to serve global shipping lines.

Advisors on the Transaction

• Goldman Sachs & Co. LLC acted as the exclusive financial advisor to GCI.
• Sidley Austin LLP provided legal counsel to GCI for the deal.

The acquisition marks a significant consolidation in the intermodal container leasing market, reinforcing Triton’s dominance in the global shipping supply chain.