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| 8-K - PRIMARY DOCUMENT - General Finance CORP | form_8k.htm |
EXHIBIT
99.1
Pac-Van, Inc. Acquires Storage Container, Office Container and
Trailer Assets From Delmarva Trailer Sales and Rentals,
Inc.
Indianapolis, IN, August 10, 2018 – General Finance
Corporation (NASDAQ:GFN) subsidiary Pac-Van, Inc. announced its
acquisition of the assets of Delmarva Trailer Sales and Rentals,
Inc. of Elkridge, Maryland on Thursday, August 9th.
Delmarva Trailer Sales and Rentals provides its customers with
quality portable storage containers, office containers, portable
storage trailers and office trailers.
“With this acquisition of the assets from Delmarva Trailer
Sales and Rentals, we now have a location in Maryland, over 500
additional rental units in our fleet and three new professionals on
our team,” said Jody Miller, CEO of General Finance
Corporation. “This expands Pac-Van’s reach into the
Baltimore/Washington DC area which, as the sixth largest MSA in the
United States, provides a great opportunity for Pac-Van to
introduce its brand and to deliver its portable storage and office
space solutions.”
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 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.
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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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