Triton to Acquire GCI in $1 Billion Deal, Expanding Fleet

Triton, one of the world's largest container leasing companies, has announced an agreement to acquire Global Container International (GCI) in a deal worth over $1 billion, including outstanding debt.

Founded in 2018, GCI is based in Boston and was established by a group of seasoned container industry executives in collaboration with investment vehicles managed by Wafra.

The acquisition, which is anticipated to close in the first half of 2025, will add approximately 500,000 TEU to Triton’s already dominant global fleet of 7 million containers.

Brian Sondey, CEO of Triton, praised GCI’s achievements, stating: “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.”