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| 8-K - PRIMARY DOCUMENT - General Finance CORP | form_8k.htm |
EXHIBIT
99.1
Pac-Van, Inc. Acquires Storage and Office Container, Storage
Trailer and Mobile Office Assets From Tilton Trailer Rental
Corp
Indianapolis, IN, October 8, 2018 – General Finance
Corporation’s (NASDAQ:GFN) subsidiary, Pac-Van, Inc.,
announced its acquisition on Friday, October 5th
of the assets of Tilton Trailer Rental
Corp of Tilton, New Hampshire. Tilton is located 35 miles north of
Manchester, New Hampshire, the largest population center of New
Hampshire. The company provides its customers with high quality
portable storage containers, office containers, mobile offices and
storage trailers.
“This acquisition of the assets from Tilton Trailer Rental
Corp provides Pac-Van with almost 1,500 additional fleet rental
units and adds eight new professionals to our team,” said
Jody Miller, CEO of General Finance Corporation. “We are
excited about adding another location in the Northeast that is
geographically complimentary to Pac-Van’s existing locations
in Boston and Vermont. This will allow the Pac-Van team to grow
market share in the region while continuing to deliver highly
valued and convenient portable storage and office space solutions
to New England.”
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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