Case study
Gneiss Energy advises Gem Containers Ltd on sale of its ISO container fleet to Peacock
Boosting Peacock to becoming one of the top six largest tank container lessors globally.
Gneiss Energy has successfully advised Gem Containers Ltd on the sale of its ISO container fleet to Peacock Asset Company Pte. Ltd. The deal follows Arcus Infrastructure Partners' acquisition of Peacock earlier in the year as we continue to see consolidation in the market.
In February 2021, Peacock’s owned fleet consisted of over 7,500 tank containers - a well-diversified combination of standard tanks and specialised units. Gem’s complimentary young and diversified fleet consists of circa 9,000 units resulting in a strengthened platform for growth. The acquired fleet of assets consists of a variety of tank container types with solid long-term leases to reputable clients, which will boost the total fleet of Peacock to 16,500 tank containers.
Gem has primarily grown organically, ordering new units against identified leases and firm contracts led by a best-in-class management team.
In February 2021, Peacock’s owned fleet consisted of over 7,500 tank containers - a well-diversified combination of standard tanks and specialised units. Gem’s complimentary young and diversified fleet consists of circa 9,000 units resulting in a strengthened platform for growth. The acquired fleet of assets consists of a variety of tank container types with solid long-term leases to reputable clients, which will boost the total fleet of Peacock to 16,500 tank containers.
Gem has primarily grown organically, ordering new units against identified leases and firm contracts led by a best-in-class management team.
Hear from our client
It has been a pleasure to work with Barry and his team at Gneiss Energy on the sale of the ISO tank container assets. The team were extremely professional and provided a broad range of services throughout the process keeping the deal momentum going through tough trading conditions.
Pat Rocholl
CFO of Gem Containers Ltd
Project team
Jon Fitzpatrick
Managing Director
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