United States

Profile: General Finance Corp (GFN.O)

GFN.O on Consolidated Issue listed on NASDAQ Global Market

28 Jul 2016
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General Finance Corporation, incorporated on October 14, 2005, is a specialty rental services company. The Company offers a range of portable storage units, including its core 20-feet and 40-feet steel containers, office container, mobile office and modular space products and steel tanks. It has two geographic areas that include the Asia-Pacific (Pan-Pacific) area and North America. Its geographic areas include four operating segments: Royal Wolf Holdings Limited and its Australian and New Zealand subsidiaries (Royal Wolf), Pac-Van, Inc. and its Canadian subsidiary, PV Acquisition Corp. (Pac-Van), Lone Star Tank Rental Inc. (Lone Star) and GFN Manufacturing Corporation and its subsidiary, Southern Frac, LLC (Southern Frac). The Asia-Pacific area consists of Royal Wolf, which leases and sells storage containers, portable container buildings and freight containers in Australia and New Zealand. Its North America area consists of Pac-Van that leases and sells storage, office and portable liquid storage tank containers, modular buildings and mobile offices; Lone Star, which are combined to form its North American Leasing operations, and Southern Frac that manufactures portable liquid storage tank containers. The Company has approximately 70 branch locations across North America and the Asia-Pacific.

The Company provides its storage solutions to over 35,000 customers across a range of industries, including commercial, construction, transportation, industrial, energy, manufacturing, mining, retail, education and government. Its customers utilize its storage and space units for a range of applications, including the temporary storage of materials, supplies, equipment, retail merchandise inventories, documents and liquid storage and for office use. The Company offers portable storage, modular space and liquid containment solutions, with a diverse and expanding lease fleet of approximately 72,856 units.

The Company's portable storage products primarily consist of steel storage containers and freight containers. The Company's storage containers primarily consist of new and used steel shipping containers that provide an alternative to warehousing, while offering security, convenience and immediate accessibility. Storage containers include general purpose dry storage, refrigerated and specialty containers in a range of standard and modified sizes, designs and capacities. Specialty containers include blast-resistant, hoarding and hazardous waste units. Its freight containers are specifically designed for transport of products by road and rail, and include curtain-side, refrigerated and bulk cargo containers, together with a range of standard and industry-specific dry freight containers. Freight container products are only offered in the Asia-Pacific territory.

The Company's modular space products include office container products, modular buildings and mobile offices. The Company's office container products (portable building containers and office containers (GLOs)) are modified or specifically manufactured containers. Floor plans can either be all office space, with features similar to those found in mobile offices, or a combination of office and storage space. Its modular buildings are factory-built, customizable portable structures constructed for a range of applications, ranging from schools to restaurants to medical offices and ranging in size from 1,000 to over 30,000 square feet. Its mobile offices are factory built, single-unit structures that are re-locatable and used primarily for temporary office space. Mobile offices are generally built on frames that are connected to axles and wheels and have either a fixed or removable hitch for easy transportation. Mobile offices are equipped with lighting, electrical wiring, phone jacks, desktops, shelving and other features normally associated with basic office space. In addition to offering modular buildings for rent, in the Asia-Pacific area, it also provides customers with the ability to customize buildings using its in-house engineering team.

The Company's liquid containment products, primarily portable liquid storage tanks, are manufactured steel containers with fixed steel axles and rear wheels for transport designed to hold liquids and semi-solids. Its product line focuses on 500-barrel capacity steel tanks, but also includes acid, gas buster, oil test tanks and various special built tanks. Its products include features, such as guardrails, safety stairways, multiple entryways, a sloped bottom for easy cleaning, an epoxy lining and various feed and drain lines. Its liquid containment products are utilized for a range of applications across a range of industries, including refinery, petrochemical and industrial plant maintenance, oil and gas services, environmental remediation and field services, infrastructure building construction, marine services, pipeline construction and maintenance, tank terminal services, waste management, wastewater treatment and landfill services.

The Company competes with Mobile Mini, Algeco Scotsman, McGrath RentCorp, Haulaway, Allied Leasing, Eagle Leasing, National Trailer Storage, Cronos Limited, CGM-CMA Group, the SCF Group, ModSpace, M Space, Acton Mobile, Vanguard Modular, Design Space, Satellite Shelters, Coates Hire, Atco Structures & Logistics, Nomad Building Solutions, BakerCorp and Rain For Rent.

Company Address

General Finance Corp

39 E Union St
PASADENA   CA   91103-3929
P: +1626.5849722
F: +1302.6365454

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