Mobile Mini Concludes Acquisition Of Evergreen Tank Solutions - Quick Facts

(RTTNews) - Mobile Mini, Inc. (MINI) announced the completion of the prior announced acquisition of Evergreen Tank Solutions, a Houston, Texas-based provider of specialty containment solutions, for $405 million in cash.

This combination creates a leading provider of both portable storage in North America and the U.K. as well as a leading provider in containment solutions in the North American petrochemical and industrial segments, according to Mobile Mini. The acquisition would accelerate its growth potential by providing capital for ETS to expand into new geographic markets and increase the size of its highly utilized fleet as well as additional rental opportunities for Mobile Mini's existing core products to ETS' valuable industrial customers.

ETS would continue to operate as a separate subsidiary under the ETS name. Guy Huelat, CEO and President of ETS, will become an Executive Vice President of Mobile Mini and President of ETS.