December 11, 2014

Tempe, AZ -  Mobile Mini, Inc. (Nasdaq GS: MINI) today announced that it has completed the previously announced acquisition of Evergreen Tank Solutions ("ETS"), a leading provider of specialty containment solutions, for $405 million in cash.

The combination of the two companies creates a leading provider of both portable storage in North America and the U.K. as well as a leading provider in containment solutions in the North American petrochemical and industrial segments. The acquisition will accelerate the Company's growth potential by providing capital for ETS to expand into new geographic markets and increase the size of its highly utilized fleet as well as additional rental opportunities for Mobile Mini's existing core products to ETS' valuable industrial customers.

ETS will continue to operate as a separate subsidiary under the ETS name. Guy Huelat, CEO and President of ETS, will become an Executive Vice President of Mobile Mini and President of ETS.

"We are pleased that ETS' strong management team has all agreed to stay on and help us grow both ETS and Mobile Mini on behalf of our customers, employees and shareholders," said Erik Olsson, Mobile Mini's President and Chief Executive Officer. "Given the complementary nature of ETS' products to our own core portable storage products and the overlap in customer groups and revenue synergy opportunities, we are very excited about the potential of this acquisition."

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 numerous blue chip customers, 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 Mini's free cash flow and earnings per share in 2015.

Mr. Olsson continued, "We have been working hard to close this transaction as quickly as possible while keeping our focus on both underlying businesses. We will move quickly to realize the true potential of this valuable acquisition as we continue to provide world class products and services to our customers and returns to our shareholders."

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