Container leasing giant Triton has agreed to acquire Global Container International (GCI) in a deal valued at more than $1bn, including outstanding debt.
Boston-based GCI was established in 2018 by a team of experienced container industry executives in partnership with investment vehicles managed by Wafra.
The transaction, expected to close during the first half of 2025, will add about 500,000 teu to Triton’s world’s largest fleet of 7m containers.
“The GCI team has created an impressive business with a well-structured long-term lease portfolio. This acquisition is an excellent strategic fit for Triton that will allow us to lock in meaningful container fleet growth,” said Brian Sondey, CEO of Triton.