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8-K - PRIMARY DOCUMENT - General Finance CORP | form_8k.htm |
EXHIBIT
99.1
Pac-Van, Inc. Acquires Storage Container and Storage Trailer Assets
From
Acorn Storage Trailers, Inc.
Indianapolis, IN, April 9, 2018 – General Finance Corporation
(NASDAQ:GFN) subsidiary Pac-Van, Inc. announced its acquisition of the
assets of Acorn Storage Trailers, Inc. of Bowling Green, Kentucky
on Friday, April 6th.
Acorn Storage Trailers provides its customers with quality portable
storage containers and storage trailers.
“One
of our corporate goals is to continue to grow the Pac-Van brand
throughout the United States, thereby strategically expanding where
we can best service our customers. Acorn is centrally located
between three of Pac-Van’s current locations- Louisville,
Nashville and Paducah. With this acquisition, we now have a new
location in the third largest metropolitan area in Kentucky, which
will allow Pac-Van to better serve new and existing customers in
the South Central Kentucky region,” said Jody Miller,
President and Chief Executive Officer of General Finance
Corporation.
About Pac-Van
Pac-Van, Inc. (www.pacvan.com),
a wholly-owned subsidiary of General Finance Corporation, provides
storage and office space solutions to its customers through the
leasing and selling of storage containers, mobile office trailers,
modular buildings and bulk liquid storage frac tanks. The company
serves a wide variety of customers, including those in the
commercial, construction, education, government, health care,
industrial, and retail sectors. Committed to providing high quality
products, dependable service and sales excellence, Pac-Van, Inc. is
headquartered in Indianapolis, Indiana, and has over 50 offices
throughout North America.
About General Finance Corporation
Headquartered
in Pasadena, California, General Finance Corporation (NASDAQ: GFN,
www.generalfinance.com)
is a leading specialty rental services company offering portable
storage, modular space and liquid containment solutions.
Management’s expertise in these sectors drives disciplined
growth strategies, operational guidance, effective capital
allocation and capital markets support for the Company’s
subsidiaries. The Company’s Asia-Pacific leasing operations
in Australia and New Zealand consist of wholly-owned subsidiary
Royal Wolf Holdings Limited (www.royalwolf.com.au),
the leading provider of portable storage solutions in those
countries. The Company’s North America leasing operations
consist of wholly-owned subsidiaries Pac-Van, Inc. and Lone Star
Tank Rental Inc. (www.lonestartank.com),
providers of portable storage, office and liquid storage tank
containers, mobile offices and modular buildings. The Company also
owns Southern Frac, LLC (www.southernfrac.com),
a manufacturer of portable liquid storage tank containers and other
steel-related products in North America.
Media Contact:
Shannon Jordan
Pac-Van, Inc.
sjordan@pacvan.com
317-489-5771
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Investor Contact:
Larry Clark
Financial Profiles, Inc.
lclark@finprofiles.com
310-622-8223
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