Textainer Group Holdings Limited is a holding company that focuses on purchasing, leasing, and resale of marine cargo containers. The company was set up in 1979 by Ken George and Jim Sullivan, and is based in Hamilton, Bermuda. There are three business segments: Container Ownership, Container Management, and Container Resale. As of January 22, 2014, the company was the lessor of about two million intermodal containers. The company leases containers to more than 400 shipping lines and other lessees. In October 2012, it acquired about 81,000 twenty-foot equivalent units (TEUs) of dry freight containers from managed fleet. In December 2012, the company acquired a 50.1% interest in TAP Funding Ltd. In January 2013, the company acquired about 24,000 twenty-foot equivalent units of standard dry