Profile: General Finance Corp (GFN.O)
27 Apr 2017
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 its four operating segments: the Asia-Pacific area, consisting of the leasing operations of Royal Wolf Holdings Limited and its Australian and New Zealand subsidiaries (Royal Wolf), and North America, consisting of the combined leasing operations of Pac-Van, Inc. and its Canadian subsidiary, PV Acquisition Corp. (Pac-Van) and Lone Star Tank Rental Inc. (Lone Star), and the manufacturing operations of GFN Manufacturing Corporation and its subsidiary, Southern Frac, LLC (Southern Frac). The Company offered portable storage, modular space and liquid containment solutions with a lease fleet of 78,605 units, as of June 30, 2016. As of June 30, 2016, the Company had 80 branch locations across North America and the Asia-Pacific.
Royal Wolf leases and sells storage containers, portable container buildings and freight containers in Australia and New Zealand. Pac-Van leases and sells storage, office and portable liquid storage tank containers, modular buildings and mobile offices. Pac-Van and Lone Star are combined to form its North American Leasing operations. Southern Frac manufactures portable liquid storage tank containers. As of June 30, 2016, its two geographic leasing operations leased and sold their products through 22 customer service centers (CSCs) in Australia, nine CSCs in New Zealand, 47 branch locations in the United States and two branch locations in Canada. As of June 30, 2016, the Company provided its storage solutions to a base of over 41,000 customers across a range of industries, including the commercial, construction, transportation, industrial, energy, manufacturing, mining, retail, education and government sectors. 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'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. Its storage containers include general purpose dry storage, refrigerated and specialty containers in a range of standard and modified sizes, designs and capacities. Its 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 dry freight containers. Its freight container products are offered in its 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 or ground level offices (GLOs)) are either modified or specifically manufactured containers. Its modular buildings are 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. Its 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, Inc., Algeco Scotsman, McGrath RentCorp, Haulaway, Allied Leasing, Eagle Leasing, National Trailer Storage, CGM-CMA Group, the SCF Group, ModSpace, Acton Mobile, Vanguard Modular, Design Space, Satellite Shelters, Coates Hire, Atco Structures & Logistics, BakerCorp and Rain For Rent.
General Finance Corp
39 E Union St
PASADENA CA 91103-3929
Company Web Links
- BRIEF-General Finance Corp promotes Theodore Mourouzis
- BRIEF-B. Riley Financial's unit announced fund managed by GACP entered deal with General Finance Corporation
- BRIEF-General Finance announces amendment and extension of $230 million north american secured senior credit facility
- BRIEF-Gagnon Securities LLC's Neil Gagnon reports 19.9 pct passive stake in General Finance
- BRIEF-General Finance Corp Qtrly loss per share $0.08