Indianapolis-based Pac-Van Inc. has completed another acquisition. The company, a subsidiary of California-based General Finance Corp. (Nasdaq: GFN) has acquired the storage container, office container and trailer assets of Delmarva Trailer Sales and Rentals Inc. in Maryland.
Financial terms of the deal were not disclosed. Delmarva provides portable storage containers, office containers, portable storage trailers and office trailers for customers in the Baltimore/Washington D.C. market.
"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, chief executive officer of General Finance Corp. "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."
This is the third acquisition for Pac-Van in the past year. The company acquired the assets of Louisiana-based Gauthiers’ On-Site Storage in December and Texas-based Advantage Trailer LLC’s storage container and office container fleet in September.