Pac-Van Makes Another Acquisition

(photo courtesy of Pac-Van)

Indianapolis-based Pac-Van Inc. is once again adding to its portfolio. The storage and office space provider has acquired the assets of Kentucky-based Pier Mobile Storage, though financial terms of the deal were not disclosed.

Pac-Van, a subsidiary of California-based General Finance Corp. (Nasdaq: GFN), says the acquisition adds more than 500 rental units to its offerings. The company is also bringing four staff members onto its team as a result.

"The acquisition of Pier Mobile Storage expands Pac-Van’s already strong presence in Kentucky by growing our current operations in Lexington and adding new locations for Pac-Van in Danville and Corbin, Kentucky," said Jody Miller, chief executive officer of General Finance Corp. "Pac-Van now operates throughout Kentucky from six locations and is well positioned to continue delivering high quality portable storage and office space solutions throughout the state."

The deal is the latest for Pac-Van, which in March announced it acquired the portable storage assets of BBS Leasing LLP in Texas.