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General Finance Corporation (AMEX:GFN, GFN.U, GFN.WS) was incorporated
in Delaware on October 14, 2005 in order to serve as a vehicle to
effect a business combination with one or more operating businesses.
From inception through September 13, 2007, we were a development
stage company and had no business or operations. On September 13,
2007, we acquired RWA Holdings Pty Limited, an Australian corporation,
and its subsidiaries (collectively, Royal Wolf). Royal
Wolf leases and sells portable storage containers, portable container
buildings and freight containers in Australia.
On October 1, 2008, we acquired Pac-Van, Inc. ("Pac-Van"),
an Indiana corporation. Pac-Van is a leading provider of modular
buildings, mobile offices and storage containers in the United States.
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Our business plan and strategy is to
identify, acquire and integrate specialty finance businesses in the
United States, Europe and the Asia-Pacific area. These acquired operating
companies will typically be structured vertically by type of product
or business and have experienced management teams in industries with
attractive organic or acquisition growth potential. Royal Wolf, our
initial business combination, is an example of that strategy. Additional
business lines or operating companies that we would consider include
equipment rental and leasing companies that have high service components,
such as modular buildings, mobile offices and storage containers,
production and testing equipment, transportation, construction or
storage equipment, safety equipment, specialty or niche insurance
lines; and other business services companies. Our function at General
Finance is to enhance the intrinsic values of the operating companies
by providing guidance with respect to operating and acquisition strategy,
logistical support, budgeting and long-term planning and financing
and capital structure. |
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