New marine leasing platform led by industry veterans

Investments will include new build containers, portfolio purchases, sale leasebacks and other flexible and creative leasing solutions, the pair said.

Gannon (pictured above) previously held roles including vice-president with Bank of America and president of Beacon Intermodal Leasing, where he managed and led the accelerated expansion of the company from start-up to global scale over eight years, investing more than $2 billion in assets and growing annual revenues to $140 million.

Gannon will serve as chief executive officer of Global, and Dunner as chief operating officer.

The new company is headquartered in Boston, Massachusetts and has representation in Hong Kong, Shanghai, Singapore, Antwerp, Taipei, and Seoul. Its near-term goal is to build a fleet of one million TEU (twenty-foot equivalent units).

Gannon said: “This is a great opportunity to partner with Wafra, a premier strategic investor, to deliver our customers a new and reliable container leasing option.

“Our relationship with Wafra provides us access to flexible capital to support our long-term growth objectives. We look forward to bringing innovative and effective solutions to market on behalf of customers.”