Pac-Van Adds to Portfolio
Indianapolis-based Pac-Van Inc. has completed another acquisition. The company, a subsidiary of California-based General Finance Corp. (Nasdaq: GFN) says it has acquired the portable storage assets of BBS Leasing LLP in Texas.
"As the fourth largest MSA in the United States, the Dallas/Fort Worth area represents an enormous opportunity for Pac-Van to grow its market share by delivering its portable storage and office space solutions," said Jody Miller, chief executive officer and president of General Finance Corporation. "This asset acquisition adds nearly 400 units to its rental fleet and further strengthens Pac-Van's position in Texas."
Financial terms of the deal are not being disclosed.