Company Website:
http://www.mobilemini.com
TEMPE, Ariz. -- (Business Wire)
Mobile Mini, Inc. (Nasdaq GS: MINI) today announced it has completed the
purchase of the assets and operations of a portable storage business
from Fraser Ltd., based near Glasgow, Scotland. Financial terms of the
transaction were not disclosed.
“Our acquisition of the Fraser storage container operation is consistent
with our strategy to add high returning assets in attractive
geographies,” stated Erik Olsson, President and Chief Executive Officer
of Mobile Mini. “The expansion of our presence in Scotland furthers our
objective to diversify our customer base in market sectors such as
retail and education. Fraser has a reputation for outstanding service
and its fleet of high quality container units is approximately 88%
utilized. We expect the integration of the business to be seamless, and
provide the ability to generate incremental leasing revenue and profit
in our U.K. operations.”
The newly acquired business has a fleet of approximately 500 units. The
containers will be integrated with the Company’s existing branch
operations in the Glasgow-area.
Established in 2000, Fraser Ltd is a family run business which provides
container rental and sales, container repairs, as well as modification
and transport services.
About Mobile Mini
Mobile Mini, Inc. is the world’s leading provider of portable storage
solutions through its total lease fleet of approximately 213,500
portable storage containers and office units with 136 locations in the
U.S., United Kingdom, and Canada. Through its wholly-owned subsidiary,
Evergreen Tank Solutions, Mobile Mini is also the third largest provider
of specialty containment solutions in the U.S., with a lease fleet of
approximately 10,600 units and 24 locations. 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.
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 leasing revenue and
profit, as well as integrate the acquired business, and objectives of
management for future operations. 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.
Contacts:
Mobile Mini, Inc.
Mark Funk, 480-477-0241
Executive VP & CFO
www.mobilemini.com
or
INVESTOR
RELATIONS COUNSEL:
The Equity Group Inc.
Fred Buonocore,
212-836-9607
or
Linda Latman, 212-836-9609
Source: Mobile Mini, Inc.
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