NPSA Responds to Mobile Mini-Mobile Storage Group Merger

Released on: July 2, 2008, 10:38 pm

Press Release Author: Self Storage Promotions

Industry: Consumer Services

Press Release Summary: The National Portable Storage Association sees merger
activity - and the attention it spawns - as positive for overall industry.

Press Release Body: KANSAS CITY, MO. (July 2, 2008) - The big news in the portable
storage industry is the merger between Mobile Mini and Mobile Storage Group. The
National Portable Storage Association is keeping a close eye on industry
consolidation and its impacts.

\"There is some confusion around the consumer side and the commercial and industrial
sides of the portable storage industry,\" said John Finnessy, CMP, Executive Director
of the National Portable Storage Association, or NPSA, a nonprofit membership
association dedicated to the advancement of the portable storage industry.

\"Most of our members do not have local store branches, like the PODS style portable
storage companies,\" Finnessy continued. \"They sell or lease containers to
businesses, universities, government agencies and other commercial uses. Still, it
is interesting to observe the consolidation in the franchise side of portable
storage.\"

Mobile Mini and Mobile Storage Group finalized their merger on June 27. But this was
not the only merger or acquisition going on within the industry. An affiliate of
Arcapita, a private equity investment firm, acquired PODS, for about $430 million in
December 2007. PODS cited opportunities for growth as the reason it agreed to be
acquired. For the new Mobile Mini, it\'s expected that they will enlarge their
geographic footprint and gain synergies and capital expenditure reductions that the
merger will allow, up to $25 million a year, specifically.

\"Although PODS focuses more on door to door delivery of portable storage solutions
to consumers and Mobile Mini focuses on commercial entities, the spotlight on
portable storage is welcome to NPSA members,\" said NPSA Operations Manager Joel
Rathbone. \"The more we can pull together and educate portable storage users, from
large commercial outfits to single-family home owners, the better it is for everyone
involved.\"

For more information, visit www.npsa-us.org.

The National Portable Storage Association
The National Portable Storage Association is dedicated to the advancement of the
portable storage industry. We at the NPSA are here to serve those in the portable
storage industry who rent, sell or lease containers, trailers and mobile offices.
The NPSA assists members with industry, regulatory and workforce issues; plus,
offers members networking, marketing and legislative support at national, state and
local levels.

PR Contact:
Jennifer LeClaire
Self Storage Promotions
954.454.0072
jennifer@selfstoragepromotions.com
www.selfstoragepromotions.com


Web Site: http://www.npsa-us.org

Contact Details: Jennifer LeClaire
Self Storage Promotions
954.454.0072
jennifer@selfstoragepromotions.com
www.selfstoragepromotions.com

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