PHOENIX--Mobile Mini, Inc. (Nasdaq GS:MINI) today announced it has purchased the assets and operations of Dallas, Texas portable storage provider, Swinglift USA. Financial terms of the transactions were not disclosed.
“We continue to execute on our growth strategy of using both internal revenue growth and strategic acquisitions of high returning assets in key markets to drive returns for shareholders. Dallas/Ft. Worth has been a great market for us and the ability to add a large number of units at high utilization without adding significant costs is very attractive,” said Erik Olsson, Mobile Mini President and Chief Executive Officer.
Swinglift has a fleet of approximately 1,560 rental containers at a current utilization of approximately 82%.
About Mobile Mini, Inc.
Mobile Mini, Inc. is the world’s leading provider of portable storage solutions through its total rental fleet of approximately 205,200 portable storage containers and office units. Through its wholly-owned subsidiary, Evergreen Tank Solutions, Mobile Mini is also a leading provider of specialty containment solutions in the U.S., with a rental fleet of approximately 11,700 units. Mobile Mini’s network includes 133 portable storage locations in the U.S., U.K., and Canada, 19 specialty containment locations and 7 combined locations. Mobile Mini is included on the Russell 2000® and 3000® Indexes and the S&P Small Cap Index.