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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

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Company Name: 
General Finance Corp
Business Services & Equipment

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

Analysts' Target Price:
GFN Stock Forecast

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Business Services & Equipment M&A - Slide 19 of 100 Page |

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