Mobile Mini, Inc. (Nasdaq GS:MINI) announced it has completed the purchase of the assets and operations of a portable storage business with operations in Daytona Beach, Florida. Financial terms of the transaction were not disclosed.
“We continue to make acquisitions in growth markets which fit into our strategy of acquiring highly utilized rental assets on very favorable terms,” said Erik Olsson, Mobile Mini President and Chief Executive Officer. “This acquisition will add units currently on rent at over 90% utilization to our existing footprint without adding any additional fixed costs.”
The fleet of the newly acquired business consists almost exclusively of containers.
Mr. Olsson continued, “We are executing on our dual growth strategy of focusing on both internal growth alongside acquisitions that add long term value to our business and our shareholders.”
Mobile Mini, Inc. is the world’s leading provider of portable storage solutions. Mobile Mini is included on the Russell 2000® and 3000® Indexes and the S&P Small Cap Index. For more information visit www.mobilemini.com.