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| 8-K - PRIMARY DOCUMENT - General Finance CORP | form_8k.htm |
EXHIBIT
99.1
Pac-Van, Inc. Acquires Storage Container, Storage Trailer and
Office Container Assets From Instant Storage
Indianapolis, IN, September 24, 2018 – General Finance
Corporation (NASDAQ:GFN) subsidiary Pac-Van, Inc. announced its
acquisition of the assets of Instant Storage, with locations in
both Miami, Florida and Bakersfield, California. Instant Storage
provides its customers with portable storage containers, storage
trailers and office containers.
“The acquisition of the assets of Instant Storage provides
Pac-Van with more than 2,200 additional fleet rental units and adds
fourteen new professionals to our team,” said Jody Miller,
CEO of General Finance Corporation. “With these newly
acquired assets, we are able to achieve increased market
penetration into both the Central Valley region and the greater Los
Angeles area of Southern California, as well as in Miami and the
south Florida region, building upon our market share while
continuing to deliver highly valued and convenient 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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