Pasadena’s General Finance Corporation Acquires Instant Storage Company

Published : Monday, December 10, 2018 | 6:11 PM

Instant Storage, Bakersfield CA

Pasadena-based General Finance Corporation announced its subsidiary Pac-Van Inc. has acquired the assets of Instant Storage, a company that offers storage container and office container rentals.

Instant Storage has offices serving customers in and around Miami, Florida and Bakersfield, California.

With the acquisition, Pac-Van now has more than 2,200 additional fleet rental units and has added 14 new professionals to their team, Jody Miller, General Finance Corporation CEO, said.

“With these newly acquired assets, we are able to achieve increased market penetration into both the Central Valley region and the greater Los Angeles area of Southern California, as well as in Miami and the south Florida region, building upon our market share while continuing to deliver highly valued and convenient portable storage and office space solutions,” Miller said.

Pac-Van, Inc. is a wholly-owned subsidiary that leases and sells storage containers, mobile office trailers, modular buildings and bulk liquid storage frac tanks. Customers include those in the commercial, construction, education, government, health care, industrial, and retail sectors.

Pac-Van is headquartered in Indianapolis, Indiana, and has over 50 offices throughout North America.

General Finance Corporation’s expertise in the portable storage, modular space and liquid containment solutions sectors drives disciplined growth strategies, operational guidance, and capital markets support for the company’s subsidiaries such as Pac-Van.

In the Asia-Pacific region, General Finance Corporation has leasing operations in Australia and New Zealand consisting of Royal Wolf Holdings Limited, the leading provider of portable storage solutions in those countries.

The company also owns Lone Star Tank Rental Inc. and Southern Frac, LLC, a manufacturer of portable liquid storage tank containers and other steel-related products in North America.

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