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Stock Market & Financial Investment News

News For MINI From The Last 14 Days
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November 14, 2014
05:27 EDTMINIMobile Mini to host conference call
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November 13, 2014
16:25 EDTMINIMobile Mini sees Evergreen Tank Solutions acquisition accretive to EPS in 2015
ETSí full-year 2014 revenues are anticipated to be approximately $108M with adjusted EBITDA of $45M and an adjusted EBITDA margin of approximately 42%. The business has a fleet of over 10,000 units comprised predominantly of steel tank containers, roll-off and vacuum boxes and stainless steel tank trailers. ETS has proven expertise in downstream energy markets, with several direct petrochemical customer relationships, as well as significant industrial exposure. Mobile Mini expects modest cost synergies to be achieved as a result of the transaction. The acquisition is expected to be accretive to Mobile Miniís free cash flow and earnings per share in 2015. Pro forma for the transaction as of September 30, Mobile Miniís Debt-to-adjusted EBITDA ratio would have been approximately 4.8x. Mobile Mini expects strong cash flow to support deleveraging over the course of 2015.
16:23 EDTMINIMobile Mini to acquire Evergreen Tank Solutions for $405M in cash
Mobile Mini announced that it has signed a definitive agreement to purchase Houston, TX-based Evergreen Tank Solutions, a leading provider of specialty containment solutions, for $405M in cash. ETS, which directly serves large, blue-chip customers in the petrochemical, industrial and energy sectors, is the leader in integrated liquid and solid containment solutions in the Gulf region, and is the third largest provider of these services in the U.S. The company has approximately 300 employees in 28 locations throughout the country. The transaction is expected to close by the end of 2014, subject to customary closing conditions and regulatory approvals.

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