Global Container International, a leading lessor of marine intermodal containers, announced that it has entered into definitive documentation to be acquired by Triton International Limited 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. Since its founding, the company has successfully built a fleet of approximately 500,000 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.