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Pac-Van Acquires Mar-Rube Storage Container and Trailer Assets to Accelerate Mobile Storage Solutions
Thursday 05 March 2020

5 March 2020 - Indiana, US-based storage and office space solutions Pac-Van, Inc. has acquired the storage container and storage trailer assets of Baltimore-based Mar-Rube Trailer Rental to build mobile storage business, the company said.

Terms of the transaction were not disclosed.

The acquisition of the assets of Mar-Rube Trailer Rental significantly builds upon Pac-Van's acquisition of Delmarva Trailer Sales and Rentals mobile storage business.

With the acquisition of Mar-Rube's assets, Pac-Van has added nearly 900 additional rental units and six new staff members.

Pac-Van, Inc. is a wholly owned subsidiary of General Finance Corp. that leases and sells storage containers (including the new safe, secure and simple PV3 safety containers), mobile office trailers, modular buildings and bulk liquid storage frac tanks.

General Finance Corp. (NASDAQ: GFN) is a speciality rental services company offering portable storage, modular space and liquid containment solutions.
Details
Date Published: 05/03/2020
Target: Mar-Rube Trailer Rental/storage container and storage trailer assets
Country: USA
Sector: Road Transport/Freight Transport
Type: Corporate acquisition
Financing:
Status: Closed
Vendor: Mar-Rube Trailer Rental
Buyer: Pac-Van, Inc
Comment:
Terms of the deal were not disclosed

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