CAI International, Inc.
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CAI International, Inc. - overview
Established
1989
Location
San Francisco, CA, US
Primary Industry
Logistics & Distribution
About
CAI International, Inc. is a prominent provider of container leasing and sales, facilitating efficient logistics and transportation for global supply chains. CAI International, Inc. focuses on container leasing and sales.
Founded in 1989 and headquartered in San Francisco, US, the company has undergone significant transformations including its recent acquisition in July 2021 by Mitsubishi HC Capital for USD 1. 1 billion. The firm has pioneered initiatives in logistics operations and finance, enhancing its service offerings. The current CEO is Katie McCabe, alongside Timothy Page, who lead the company’s strategic direction.
CAI International specializes in container leasing and sales, providing a comprehensive range of intermodal containers designed for effective goods transport across land, sea, and rail. With a fleet exceeding 4 million TEU (Twenty-foot Equivalent Units), CAI addresses the needs of major shipping lines, container operators, and logistics providers globally, facilitating their supply chain operations through its extensive container solutions. CAI International reported a revenue of USD 294. 01 mn in 2020 and an EBITDA of USD 269.
38 mn for the same year. The company's revenue model is centered on business-to-business transactions, focusing on competitive leasing agreements and sales of containers, which help clients manage costs effectively while ensuring a stable supply of necessary equipment. Following the acquisition by Mitsubishi HC Capital in July 2021, CAI International plans to leverage enhanced global marketing and operational expertise to further its reach. The acquisition is poised to create additional value for clients and stakeholders through MHC’s existing container investments.
The firm is expected to explore new market opportunities and expand its operations in various regions, although specific markets and timelines for such expansions have not yet been disclosed.
Primary Industry
Logistics & Distribution
Sub Industries
Trucking, Freight Transportation Services
Website
www.capps.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
CAI International, Inc. - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 125,706,000 | 173,925,000 | 212,405,000 | 227,589,000 | 249,667,000 | 294,354,000 | 348,393,000 | - | - | - |
| % Revenue Growth (YoY) | - | 38.4% | 22.1% | 7.1% | 9.7% | 17.9% | 18.4% | - | - | - |
| EBITDA (USD) | 114,778,000 | 155,280,000 | 180,876,000 | 185,186,000 | 184,381,000 | 162,940,000 | 227,585,000 | - | - | - |
| Operating Income (USD) | 78,025,000 | 102,886,000 | 108,685,000 | 103,187,000 | 67,440,000 | 53,286,000 | 111,016,000 | - | - | - |
| Operating Margin | 62.1% | 59.2% | 51.2% | 45.3% | 27.0% | 18.1% | 31.9% | - | - | - |
| % EBITDA Margin | 91.3% | 89.3% | 85.2% | 81.4% | 73.9% | 55.4% | 65.3% | - | - | - |
| NET Income (USD) | 50,814,000 | 64,281,000 | 64,520,000 | 60,385,000 | 26,972,000 | 6,034,000 | 72,060,000 | - | - | - |
| % Net Margin | 40.4% | 37.0% | 30.4% | 26.5% | 10.8% | 2.0% | 20.7% | - | - | - |
CAI International, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Announced | CAI International, Inc. | - | ||||||||
| Add-on | Completed | CAI International's railway wagons | - |
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CAI International, Inc. - employee data
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