General Finance Corporation (NASDAQ: GFN), a holding company that acquires, operates and enhances value for businesses in the mobile storage container and modular space industries, today announced the appointment of Jeffrey A. Kluckman as Executive Vice President of Business Development. Mr. Kluckman will lead strategic capital investment and M&A activity for both the holding company (General Finance Corporation) and its subsidiaries Royal Wolf Holdings Limited and Pac-Van, Inc.
“Throughout his career, Jeff has successfully completed more than 110 transactions within the rental services sector,” said Ron Valenta, President and Chief Executive Officer of General Finance. “Jeff’s background is a valuable match for our organization and his appointment reflects our commitment to adding strategic resources at the holding company level to benefit each of our businesses. He will be a key asset as we look for opportunities to grow the lease fleets and add synergistic portable storage container businesses to General Finance and its subsidiaries.
“Our companies operate in highly fragmented markets where there is abundant opportunity for selective M&A activity, and Royal Wolf’s market dominance in Australia and New Zealand coupled with Pac-Van’s prominence in the U.S. position us well for expansion through a combination of organic growth and accretive acquisitions. Leveraging our recently improved capital structure companywide, we will put Jeff’s sector acumen and transaction expertise to work to build our presence in our existing regions and fund future growth in attractive markets.”
In his 15-year background in business development for rental services, including the mobile storage, modular space and equipment rental industries, Mr. Kluckman held the role of vice president of mergers and acquisitions for portable storage solutions provider Mobile Mini, Inc. (NASDAQ: MINI) and, earlier, similar positions with Mobile Storage Group, Inc., which was acquired by Mobile Mini in 2008, and RSC Equipment Rental, Inc. (NYSE: RRR). Mr. Kluckman received an accounting degree from Northern Illinois University.
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