BNET Industries

Market Cap:$21.0M
Last Fiscal Year Sales:$95.5M
  • Public
  • US
Dow Jones Description

We are a holding company for storage container, mobile and modular accommodation sales and rental, as well as other specialty finance, companies that provide high quality products and services on a local and regional basis across multiple international boundaries. We strive to be the leader in each of our industries by: - Consistently delivering superior products and service that exceed the expectations of our customers. - Maintaining high standards of integrity to our customers and suppliers. - Being the best company to work for in the eyes of our employees by providing a challenging and satisfying work environment which increases opportunities for personal and professional growth. - Growing the market share in each of our business units in every major location where we are present. We are dedicated to providing long-term growth, profitability and a favorable return to shareholders.

Director and Chief Executive Officer
Ronald Valenta
Number of Employees 250
Contact Information

39 E Union St

Pasadena, California 91103

generalfinance....

(626) 584-9722

NAICS Code Miscellaneous Intermediation: 523910

Recent Events

  • General Finance Corporation Reports First Quarter FY 2010 Results

    11/11/09 - Financial Announcement - View Story

  • General Finance Posts $2.04 Mln Profit In Q4 - Quick Facts

    9/23/09 - Financial Announcement - View Story

Decision Makers

Name (plus bio) Position
Ronald Valenta Director and Chief Executive Officer
Theodore Mourouzis President & COO of Pac, Van Inc
Charles E. Barrantes Executive Vice President and Chief Financial Officer
John O. Johnson Chief Operating Officer
Christopher Wilson Vice President, General Counsel and Secretary
Marc Perez Controller
Jack Silver
Jonathan Gallen
Ronald L. Havner Director

Board of Directors

Name (plus bio) Position
David M. Connell Chairman
James B. Roszak Chairman
Lawrence Glascott Chairman of the Board of Directors
Manuel Marrero Chairman of the Nominating Committee
Susan Harris Chairman of The Nominating Committee

Ronald F. Valenta has served as our Chief Executive Officer since our inception. He also served as Chief Financial Officer from inception through September 2006 and as Secretary from inception through December 2007. Mr. Valenta served as the President and Chief Executive Officer of Mobile Services Group, Inc., a portable storage company he founded in 1988 until 2003. In April 2000, Windward Capital Partners acquired a controlling interest in Mobile Services Group, Inc. through a recapitalization transaction. In August 2006, Welsh, Carson, Anderson & Stowe, through another recapitalization transaction, acquired a controlling interest in Mobile Services Group, Inc. Mr. Valenta served as the non-executive Chairman of the Board of Directors of Mobile Services Group, Inc. from March 2003 until August 2006, and as a director since that time. Mr. Valenta was the managing member of Portosan Company, LLC, a portable sanitation services company he founded in 1998, until 2004 when a majority of the assets of that company were sold to an affiliate of Odyssey Investment Partners, LLC. Mr. Valenta is currently Chairman of the Board of Directors for CMSI Capital Holdings, Inc., a private investment company he founded in 1991, Mobile Office Acquisition Corporation, the parent company of Pac-Van, Inc., a U.S. office modular and portable storage company, PV Realty LLC, a real estate company founded in 2000, and United Document Storage, LLC (formerly PortoShred LLC), a document storage and destruction company he formed in 2003. In 2007, Mr. Valenta also formed two holding companies to purchase two businesses in the pay-day and title lending businesses. From 2003 to 2006, Mr. Valenta was also a director of the National Portable Storage Association, a not-for-profit entity dedicated to the needs of the storage industry. From 1985 to 1989, Mr. Valenta was a Senior Vice President with Public Storage, Inc.

Organization Position Status
General Finance Corporation Director and Chief Executive Officer Current
General Finance Corporation Board of Directors Current
General Finance Corporation Chairman Current
UnionBanCal Corporation Director Current
Portosan Company LLC President & CEO Former
Mobile Services Group Inc. Chief Executive Officer Former
Mobile Services Group Inc. President Former
Public Storage, Inc. Senior Vice President Former
Mobile Services Group Inc. Founder Former
Mobile Services Group Inc. Non-Executive Chairman of the Board of Directors Former
Portosan Company LLC Managing Member Former

Theodore Mourouzis has been President of Pac-Van, Inc. since August 2006. He previously served as its Chief Operating Officer since 1999 and as its Vice President of Finance from 1997 until 1999. Prior to his employment with Pac-Van, Mr. Mourouzis, among other things, was a controller for a 3M joint venture, served four years in management consulting with Deloitte & Touche (focusing in operations and business process consulting), and was president of a picture framing distributor and the chief financial officer of its holding company. He has an undergraduate degree from Stanford University (1985) and a Masters of Business Administration from The Wharton School of the University of Pennsylvania (1991).

Organization Position Status
General Finance Corporation President & COO of Pac, Van Inc Current
General Finance Corporation Principal Operating Officers Former

Charles E. Barrantes became our Executive Vice President and Chief Financial Officer in September 2006. Prior to joining us, Mr. Barrantes was vice president and chief financial officer for Royce Medical Company from early 2005 to its sale in late 2005. From 1999 to early 2005, he was chief financial officer of Earl Scheib, Inc., a public company that operated over 100 retail paint and body shops. Mr. Barrantes has over 25 years of experience in accounting and finance, starting with more than a decade with Arthur Andersen & Co.

Organization Position Status
General Finance Corporation Executive Vice President and Chief Financial Officer Current
Royce Medical Company Chief Financial Officer Former
Royce Medical Company Vice President Former

John O. Johnson has served as our Chief Operating Officer since November 2005. Mr. Johnson is a Managing Director of The Spartan Group, a boutique investment banking firm, which he co-founded in 2002. As a Managing Director of The Spartan Group, he is responsible for origination and execution of mergers and acquisition advisory work and capital raising for growth companies. Prior to founding The Spartan Group, Mr. Johnson served in multiple positions with Banc of America Securities from 1984 until 2002, culminating in his appointment as Managing Director in 1994. While at Banc of America Securities, he specialized in growth company banking coverage and leveraged buyouts and leveraged finance while ultimately becoming a Group Head. Mr. Johnson has served as an investment banker to various companies owned or operated by Mr. Valenta since 1997.

Organization Position Status
General Finance Corporation Chief Operating Officer Current
The Spartan Group LLC Managing Director Current
The Spartan Group LLC Founder Current
Superior Bancorp Managing Director Former
Superior Bancorp Co-Head of the Middle Market Investment Former

Christopher A. Wilson became our General Counsel, Vice President & Secretary in December 2007. Prior to joining us, Mr. Wilson was the general counsel and assistant secretary of Mobile Services Group, Inc. from February 2002 to December 2007. Mr. Wilson practiced corporate law as an associate at Paul, Hastings, Janofsky & Walker LLP from 1998 to February 2002. Mr. Wilson graduated with a B.A. from Duke University in 1989 and a J.D. from Loyola Law School of Los Angeles in 1993.

Organization Position Status
General Finance Corporation Vice President, General Counsel and Secretary Current
Mobile Services Group Inc. General Counsel Former
Mobile Services Group Inc. Board of Directors Former

Biographical information regarding Mr. Valenta is set forth under "Election of Directors Information About the Nominees and Directors." John O. Johnson has served as our Chief Operating Officer since November 2005. Mr. Johnson is a Managing Director of The Spartan Group, a boutique investment banking firm, which he co-founded in 2002. As a Managing Director, he is responsible for origination and execution of mergers and acquisition advisory work and capital raising for growth companies. Prior to founding The Spartan Group, Mr. Johnson served in multiple positions with Banc of America Securities from 1984 until 2002, culminating in his appointment as Managing Director in 1994. While at Banc of America Securities, he specialized in growth company banking coverage and leveraged buyouts and leveraged finance while ultimately becoming a Group Head. Mr. Johnson has served as an investment banker to various companies owned or operated by Mr. Valenta since 1997.

Organization Position Status
General Finance Corporation Controller Current

Organization Position Status
General Finance Corporation Current

Organization Position Status
General Finance Corporation Current

David M. Connell has been a director since November 2005. Mr. Connell founded Cornerstone Corporate Partners, LLC, a consulting and advisory firm, in 1998. Prior to establishing Cornerstone Corporate Partners in 1998, Mr. Connell served as President and a member of the Board of Directors for Data Processing Resources Corporation, or DPRC, from 1992 to 1998. DPRC was a NASDAQ listed provider of information technology consulting services to Fortune 500 companies. Prior to his services with DPRC, from 1988 to 1993, Mr. Connell was engaged by Welsh, Carson, Anderson; Stowe, a New York private equity firm, to manage a group of portfolio companies. From 1990 to 1993, Mr. Connell served as Chairman and Chief Executive Officer of Specialized Mortgage Service, Inc., an information technology company serving the real estate, banking, and credit rating industries. From 1988 to 1990, he served as Chairman and Chief Executive Officer of Wold Communications, Inc., which later merged and became Keystone Communications, a leading satellite communications service provider.

Organization Position Status
General Finance Corporation Chairman Current
General Finance Corporation Board of Directors Current

James B. Roszak has been a director since November 2005. Mr. Roszak has been a director of National RV Holdings, Inc. since June 2003. Mr. Roszak was employed by the Life Insurance Division of Transamerica Corporation, a financial services organization engaged in life insurance, commercial lending, leasing and real estate services, from June 1962 through his retirement as President of such division in June 1997. Mr. Roszak also served as interim Chief Executive Officer and a director of buy.com, an Internet retailer, from February 2001 through August 2001. He is also a member of the Board of Trustees of Chapman University.

Organization Position Status
General Finance Corporation Chairman Current
Chapman University Board of Directors Current

Lawrence Glascott has been our Chairman of the Board of Directors since November 2005. Mr. Glascott has served as a director of 99 Only Stores since 1996 where he currently serves on its Audit, Compensation and Nominating and Corporate Governance Committees. From 1991 to 1996 he was the Vice President Finance of Waste Management International, an environmental services company. Prior thereto, Mr. Glascott was a partner at Arthur Andersen LLP and was in charge of the Los Angeles based Arthur Andersen LLP Enterprise Group practice for over 15 years.

Organization Position Status
General Finance Corporation Chairman of the Board of Directors Current

Organization Position Status
General Finance Corporation Chairman of the Nominating Committee Current
General Finance Corporation Board of Directors Current
Precision Specialty Metals, Inc. Chief Financial Officer Former
Interplay Entertainment Corp. Chief Financial Officer Former
Precision Specialty Metals, Inc. Publisher Former
Precision Specialty Metals, Inc. Developer Former
Interplay OEM, Inc. Board of Directors Former
Treepeople Board of Directors Former

Susan Harris served as a director of Mobile Services Group, Inc. and Mobile Storage Group, Inc., portable storage companies, from May 2004 to August 2006 and from May 2002 to August 2006, respectively. Ms. Harris retired from Sun America, Inc. where she served in a variety of positions between 1985 and 2000, including Senior Vice President and General Counsel. She earned her J.D. Degree from the University of Southern California and her B.A. degree from the University of California, Los Angeles.

Organization Position Status
General Finance Corporation Chairman of The Nominating Committee Current
General Finance Corporation Board of Directors Former

Ronald L. Havner, Jr. became a director in October 2008. Mr. Havner has been the Vice-Chairman, Chief Executive Officer and a member of the Board of Public Storage, Inc. since November 2002 and President since July 1, 2005. Mr. Havner joined the Public Storage, Inc. in 1986 and held a variety of senior management positions until his appointment as Vice-Chairman and Chief Executive Officer in 2002. Mr. Havner has been Chairman of the Public Storage's affiliate, PS Business Parks, Inc. (PSB), since March 1998 and was Chief Executive Officer of PSB from March 1998 until August 2003. He is also a member of the Board of Governors and the Executive Committee of the National Association of Real Estate Investment Trusts, Inc. (NAREIT). He is also a director of Union BanCal Corporation.

Organization Position Status
Public Storage, Inc. Chief Executive Officer Current
Union Bank of California Finance & Capital Committee Chairman Current
PS Business Parks, Inc. Chairman Current
Public Storage, Inc. Vice-Chairman Current
General Finance Corporation Director Current
Urban Land Institute Board of Directors Current
National Association of Real Estate Investment Trusts, Inc. Board of Directors Current
UnionBanCal Corporation Board of Directors Current
Burnham Pacific Properties Director Current
Mobile Storage Group Inc. Director Current
Urban Land Institute Member Current
American Institute of Certified Public Accountants Member Current
PS Business Parks, Inc. President Former
Union Bank of California Director Former
Public Storage, Inc. Director Former
PS Business Parks, Inc. Chief Executive Former
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     GFN $1.18 0.00 (0.00% )
Average Volume 21,684
Shares Outstanding 17.83M
Market Cap 21.0M
Year High 6.3
Year Low 0.68
Earnings Per Share 0.08
P/E Ratio 14.75
Dividend N/A
Yield N/A
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