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Pac-Van, Inc. Acquires Storage Container, Office Container and Trailer Assets From Delmarva Trailer Sales and Rentals, Inc.

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Pac-Van, Inc. Acquires Storage Container, Office Container and Trailer Assets From Delmarva Trailer Sales and Rentals, Inc.

PR Newswire

INDIANAPOLIS, Aug. 10, 2018 /PRNewswire/ -- 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.

(PRNewsfoto/Pac-Van, Inc.)

"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.   

Media Contact:                                        

Investor Contact:

Shannon Jordan                                          

Larry Clark

Pac-Van, Inc.                                              

Financial Profiles, Inc.

sjordan@pacvan.com                                   

lclark@finprofiles.com

317-489-5771                                             

310-622-8223

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SOURCE Pac-Van

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