Typewriter Ascend Ltd, controlled by Stonepeak, has acquired Global Sea Containers Limited, significantly enhancing the combined fleet's capacity to approximately 8.3 million CEU, establishing it as the world's largest and most diversified container leasing fleet.

Target Company Overview

Typewriter Ascend Ltd, which is controlled by Stonepeak and affiliated with Textainer, has successfully acquired Global Sea Containers Limited (Seaco), a prominent marine container leasing company. This transaction was completed on December 16, 2025, and involved the transfer of ownership from Global Sea Containers Two Limited, a wholly owned subsidiary of Bohai Leasing Co., Ltd. The acquisition consolidates the operational strengths of both firms, aiming to enhance their container leasing capabilities and service offerings in the global market.

With this merger, the combined fleet of Textainer and Seaco is poised to encompass approximately 8.3 million Cost Equivalent Units (CEU), thereby establishing itself as the world’s largest and most diversified container leasing fleet. The integration of resources and personnel from both companies is designed to create a unique leasing platform that will provide superior global inventories and service excellence.

Industry Overview in the Container Leasing Sector

The container leasing industry plays a crucial role in global trade, providing essential logistics and shipping solutions to businesses worldwide. As international trade continues to expand, the demand for marine containers remains robust, driven by growing