Attached files
| file | filename |
|---|---|
| 8-K - PRIMARY DOCUMENT - General Finance CORP | form_8k.htm |
EXHIBIT
99.1
Pac-Van,
Inc. Acquires Storage Container and Trailer Assets
From
Mar-Rube Trailer Rental
Indianapolis, IN, March 2, 2020 – General Finance
Corporation’s (NASDAQ:GFN) subsidiary, Pac-Van, Inc.,
announced its acquisition on Friday, February 28th
of the storage container and storage
trailer assets of Mar-Rube Trailer Rental in Baltimore,
Maryland.
“The acquisition of the assets of Mar-Rube Trailer Rental
significantly builds upon Pac-Van’s acquisition of Delmarva
Trailer Sales and Rentals, the mobile storage business acquired by
Pac-Van in 2018 that established Pac-Van’s initial location
in the Baltimore/Washington D.C. market area. With the acquisition
of Mar-Rube’s assets, Pac-Van has added nearly 900 additional
rental units and six new staff members to our team,” said
Jody Miller, CEO of General Finance Corporation. “This
further expands Pac-Van’s reach into the expanding
Baltimore/Washington DC area (the sixth largest MSA in the United
States) and offers Pac-Van material synergies as the two locations
will be combined into Delmarva’s location which will continue
to provide a great opportunity for Pac-Van to deliver high quality
portable storage and office space solutions throughout the
market.”
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 (including the new safe,
secure and simple PV3 safety 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 60 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 Pty Ltd
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
|
|
Investor Contact:
Larry Clark
Financial Profiles, Inc.
lclark@finprofiles.com
310-622-8223
|
|
|
###
|
|