The Online Investor
Business Services & Equipment M&A image Business Services & Equipment M&A » By The Online Investor Staff, updated Sun., Oct. 17, 12:33 PM Recent mergers and acquisitions in the Business Services & Equipment M&A category.

Slide #19. General Finance Corporation The affiliated companies, Lone Star Tank Rental LP and KHM Rentals, LLC

Acquirer: General Finance Corporation (NASDAQ:GFN)
Acquiree: The affiliated companies, Lone Star Tank Rental LP and KHM Rentals, LLC
Details: General Finance Corporation (Nasdaq:GFN), the parent company of businesses in the mobile storage, modular space and liquid containment industries (the "Company"), announced that yesterday it closed its previously announced acquisition of the affiliated companies, Lone Star Tank Rental LP, based in Kermit, Texas, and KHM Rentals, LLC, based in Kenedy, Texas, (collectively "Lone Star") for a total purchase consideration of approximately $95 million, subject to certain working capital and other adjustments to be determined after the closing date.

General Finance is a holding company. Through its subsidiaries, Co. is a rental services company providing portable storage, modular space and liquid containment solutions. Co.'s branch locations across North America and the Asia-Pacific provide a range of portable storage units, including its steel containers, office container, mobile office and modular space products and steel tanks that provide Co.'s customers a way to meet their temporary storage and space needs. Co.'s customers use its storage and space units for a variety of applications, including the temporary storage of materials, supplies, equipment, retail merchandise inventories, documents and liquid storage and for office use.

Preferred: GFNCP



Open the GFN Page at The Online Investor »

Company Name: 
General Finance Corp
Website: 
www.generalfinance.com
Sector: 
Business Services & Equipment
 

Open the GFN Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Email EnvelopeFree GFN Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Hold (2.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)

Analysts' Target Price:
GFN Stock Forecast

Based on Zacks ABR data;
powered by Xignite

Business Services & Equipment M&A - Slide 19 of 100 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.