Mobile Mini Closes Acquisition in Tennessee
By Business Wire News
By Business Wire News
Mobile Mini, Inc. (Nasdaq GS:MINI) today announced it has purchased the assets and operations of Tennessee portable storage provider, Allstate Containers, with locations in Knoxville and Chattanooga. Financial terms of the transactions were not disclosed.
“We continue to execute on our growth strategy by pairing internal revenue growth with strategic acquisitions of high returning assets. Knoxville and Chattanooga are good markets that continue to grow, and this acquisition allows us to further strengthen our position in Tennessee, without adding significant costs,” said Erik Olsson, Mobile Mini President and Chief Executive Officer.
Allstate Containers has a fleet of approximately 2,600 rental units.
About Mobile Mini
Mobile Mini, Inc. is the world’s leading provider of portable storage solutions with 134 locations in the U.S., United Kingdom, and Canada. Through its wholly-owned subsidiary Evergreen Tank Solutions, Mobile Mini is also a leading provider of specialty containment solutions in the U.S., with 24 locations. Mobile Mini is included on the Russell 2000® and 3000® Indexes and the S&P Small Cap Index.
Forward Looking Statements
This news release contains certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on current information and expectations, which involve a number of risks and uncertainties that could cause actual results to differ materially. The forward-looking statements herein include statements regarding the company’s ability to grow and the company’s plans and expectations regarding expansion, future results, business strategy, and objectives of management for future operations. In particular, these risks and uncertainties include difficulties in integrating the acquired operations; the possibility that expected growth and value will not be realized; that costs will not be added; and the uncertainty of business/economic conditions and the related growth trends. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “plan,” “will,” “expand,” “establish,” “expect,” “intend,” “anticipate,” “believe” or “continue” or the negative thereof or variations thereon or similar terminology and expressions to identify forward-looking statements. Therefore the company cautions you to not unduly rely on these forward-looking statements and encourages you to understand the risks and uncertainties described herein and as stated in the “Risk Factors” and elsewhere in the company’s Annual Report on Form 10-K as filed with the United States Securities and Exchange Commission.
Mobile Mini, Inc.
Mark Funk, 602-308-3879
Executive VP & CFO
Investor Relations Counsel:
The Equity Group Inc.
Fred Buonocore, 212-836-9607
Linda Latman, 212-836-9609