Textainer said this week it has acquired 24,000 TEUs in standard dry containers from the fleet it manages for about $32.6 million.
The purchase increases the percentage of Textainer’s owned fleet to 72 percent from 59 percent at the start of 2012.
“We are pleased to end the year with another purchase from our managed fleet as we continue to execute on Textainer’s long-standing strategy to grow our overall fleet and increase the ownership percentage,” said Philip K. Brewer, Textainer's president and chief executive officer.
He said it was the company's fifth managed container acquisition in the last five months, totaling $275 million and 257,000 TEUs.
"We continue to effectively deploy the additional equity we raised in the third quarter," Brewer said. "We are very pleased with our year-end fleet ownership and performance and are excited about the full-year contribution to earnings these fleets will provide in 2013.”
Last week, Textainer announced that it acquired a 50.1 percent interest in TAP Funding Ltd., a Bermuda company that owns about 99,000 TEUs of containers currently managed by Textainer for about $78 million. - Chris Dupin