Mobile Mini To Buy Evergreen Tank Solutions For $405 Mln Cash

(RTTNews) - Mobile Mini, Inc. (MINI) said Thursday that it has agreed to buy Evergreen Tank Solutions, a Houston, Texas-based provider of specialty containment solutions, for $405 million in cash.

Evergreen Tank Solutions directly serves large, blue-chip customers in the petrochemical, industrial and energy sectors. The company has about 300 employees in 28 locations throughout the U.S. Its full year 2014 revenues are anticipated to be about $108 million

The deal is expected to close by the end of 2014.

The deal is expected to be accretive to Mobile Mini's free cash flow and earnings per share in 2015.