Further expansion for Mobile Mini

By Helen Wright02 December 2014

Erik Olsson, president and CEO of Mobile Mini.

Erik Olsson, president and CEO of Mobile Mini.

Acquisitive US-based portable storage rental company Mobile Mini said it had completed the purchase of an unnamed portable storage business in Buffalo, New York, US, for an undisclosed price.

The newly acquired business was said to have a fleet of approximately 550 units at approximately 85% utilisation.

While further details were scarce, the deal was another example of the company’s expansion in 2014, following a string of similar investments.

In November, for instance, Mobile Mini acquired Texas-based specialty containment provider Evergreen Tank Solutions for US$450 million (€361 million), while September saw it acquire another unnamed portable storage business in Ft Wayne, Indiana, and a further unnamed portable storage business in Florida.

Commenting on the latest deal, Mobile Mini president and CEO Erik Olsson said, “We continue to execute on our growth strategy of creating long term value for shareholders by pairing internal revenue growth with strategic acquisitions of highly utilised assets on favourable terms.”

He added, “This acquisition allows us to open a new branch location in Buffalo with highly utilised rental assets,"

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, International Rental Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
New battery storage systems from Aggreko
Batteries offer 40-50% reductions in fuel costs and emissions
Speedy trading update points to growth
UK rental company maintains “positive trading momentum” 
Herc posts upbeat Q2 and H1 2021 results
Planned market expansion supported by strong rental market and rising CapEx
CONNECT WITH THE TEAM
Murray Pollok Managing Editor Tel: +44(0)1505 850 043 E-mail: murray.pollok@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA