Pac-Van Blogtag:,2007:/12007-09-04T17:08:20ZPac-Van Blog & News EventsMovable Type 3.31Pac-Van announces founding of new Jacksonville Branch, the company's second branch in Florida and 21st nationwidetag:blog.pacvan.com,2007://1.222007-09-04T12:05:00Z2007-09-04T17:08:20ZNew Jacksonville Branch will serve northern Florida and southern Georgia. September 4th 2007, Indianapolis, IN - "This expansion reflects our positive growth objectives" Ted Mourouziz, Pac-Van COO and President stated. "The Southeastern states are a rapidly expanding marketplace. We've seen...
New Jacksonville Branch will serve northern Florida and southern Georgia.
September 4th 2007, Indianapolis, IN - "This expansion reflects our positive growth objectives" Ted Mourouziz, Pac-Van COO and President stated. "The Southeastern states are a rapidly expanding marketplace. We've seen strong performance from our other Florida branch office, in Orlando, and we fully anticipate that our Jacksonville office will prove similarly successful."
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www.pacvan.com) is a nationwide provider of modular buildings, mobile offices, and portable storage equipment. The company serves a diverse array of customers, including those in the commercial, industrial, construction, medical, special event, government, and education markets.
Pac-Van's reputation for excellent quality and unsurpassed service has won the company many accolades, including multiple listings in the "Inc. 500" List of Fastest Growing Companies in the U.S. and the Inc. "Inner City 100" List of Fastest Growing, Privately Owned, Inner City Companies in the U.S. Pac-Van is headquartered in Indianapolis, IN and has offices in 21 cities in 13 states.
For further information, contact:
Angie Mason, VP Marketing, 1-888-791-2020.]]>
Pac-Van Named to Inaugural List of Nation's 5000 Fastest-Growing Businessestag:blog.pacvan.com,2007://1.212007-08-30T21:51:51Z2007-08-31T15:32:09ZPac-Van Inc. Ranks No. 3703 on the 2007 Inc. 5000, with Three-Year Sales Growth of 75.5% NEW YORK, August 28, 2007 - In its list announced August 23rd, Inc. ranked Pac-Van Inc. No. 3703 on the first-ever Inc. 5,000 list...
Pac-Van Inc. Ranks No. 3703 on the 2007 Inc. 5000,
with Three-Year Sales Growth of 75.5%
NEW YORK, August 28, 2007 - In its list announced August 23rd, Inc. ranked Pac-Van Inc. No. 3703 on the first-ever Inc. 5,000 list of fastest-growing private companies in the country.
"The Inc. 5,000 provides the most comprehensive look ever at the most important part of the economy - the entrepreneurial part," said Inc. 5,000 Project Manager, Jim Melloan. "The expansion of the list has allowed us to tell the stories of larger companies, older companies, and a wealth of companies in industries like Manufacturing and Construction that are underreported in the business media. Taken as a whole, these companies represent the backbone of the U.S. economy."
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About Pac-Van, Inc.
Pac-Van, Inc. (www.pacvan.com) is a nationwide provider of modular buildings, mobile offices, and portable storage equipment. The company serves a diverse array of customers, including those in the commercial, industrial, construction, medical, special event, government, and education markets. Pac-Van is headquartered in Indianapolis, IN, and has offices in 21 cities in 13 states - establishing its newest branch in Jacksonville, Florida in August.
Pac-Van's business is founded on excellent quality and unsurpassed service, earning the company recognition and numerous accolades - including multiple listings in the "Inc. 500" List of Fastest-Growing Companies in the U.S. and the Inc. "Inner City 100" List of Fastest- Growing, Privately Owned, Inner City Companies in the U.S. Also, in the three-year span measured by Inc., Pac-Van modular buildings have won four Best of Show and numerous First Place and Honorable Mention Awards at the prestigious annual Modular Building Institute Awards of Distinction contest.
Pac-Van Inc. representatives will be at the Chicago Hilton for the 2007 Inc. 500/5000 Conference, September 7th to 9th, where Former President Bill Clinton will be the keynote speaker for the second year running.
Inc. 5,000 Methodology
The 2007 Inc. 5000 list measures revenue growth from 2003 through 2006. To qualify, companies had to be U.S.-based and privately held, independent - not subsidiaries or divisions of other companies - as of December 31, 2006, and have had at least $200,000 in revenue in 2003, and $2 million in 2006.
With 561 of the fastest-growing companies, Construction is the largest business category, followed by Manufacturing with 515 companies, IT services with 466 companies, Business Services with 377 companies, and Advertising & Marketing with 349 companies.
Industries reporting the highest total revenue in 2006 are Construction ($27.1 billion), Manufacturing ($18.6 billion), Health ($13.1 billion), Computers & Electronics ($12.7 billion), and Financial Services ($11.8 billion).
About Inc.com:
Inc.com, the Daily Resource for Entrepreneurs, delivers advice, tools, breaking news, and rich multi-media to help business owners and CEOs start, run, and grow their businesses more successfully. Information and advice covering virtually every business and management task, including marketing, sales, finding capital, managing people can be found at http://www.inc.com
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Evolution of modular buildings: Part 3 - Anything bricks-and-mortar can do...tag:blog.pacvan.com,2007://1.192007-05-09T12:31:48Z2007-05-09T13:07:38ZModular building floor plans have come a long, long way since the days of the basic prefabricated rectangle. The industry has many years of experience now, and new methods, materials and standards have removed the earlier constraints. Architects and designers...
Gone, too, are the drab exteriors of the early years. Any exterior that stick-built construction uses, modular buildings can replicate. ]]>
Stone, wood, brick, stucco... the owner of a modular building can choose virtually any exterior to suit their purpose, whether to match a developer's theme, blend with existing buildings (right down to "weathering"), or to reflect a business. The picture shows a detail of a stone and brick vendor's modular sales center and corporate office.
Interior design and finish have kept pace. On any given day here at Pac-Van, we can be working with clients to spec design and environmental requirements ranging from a modular dental office to a day-care center, a hi-security laboratory, a school computer lab, or an upscale modular residential sales office.
This is where a picture is worth a thousand words. You'll find good examples of the interior design possibilities in our photo galleries for modular sales offices, modular school buildings and modular medical buildings.
Depending on the planned purpose or environment, the design and construction options for modern modular buildings can include non-combustible construction... concrete floors... stairs, ramps, railings and catwalks... bullet-proof exteriors... extended ceiling height... sprinkler systems... security provisions... noise-reduction insulation... universal access... custom work areas... provisions for future extension or relocation.
In short, as we said at the start, anything bricks-and-mortar can do, today's modular buildings can match. With one big difference.
Just as they have throughout their evolution, modular buildings do it much sooner, for much less.
Evolution of modular buildings: Part 2 - From simple to sophisticatedtag:blog.pacvan.com,2007://1.182007-05-09T12:01:26Z2007-05-09T12:21:06ZExperts today estimate that virtually every American has been inside a modern modular building - and few realize it. This is a testament to the enormous strides made by the modular building industry over the past 25 years. The untutored...
modular building - and few realize it. This is a testament to the enormous strides made by the modular building industry over the past 25 years. The untutored eye can no longer tell "stick-built" from modular construction. But it wasn't always so.]]>
portable classroom was soon a familiar fixture in schoolyards and campuses coast to coast.
During this period, modular buildings were also finding a market as temporary accommodation for field crews or for the military.
The pace of modular building evolution accelerated with the start of the 1980s. Much had been learned. New manufacturing efficiencies, new materials, and advances in on-site assembly enabled designers to create more sophisticated floor plans, and allowed shipping of larger prefabricated modules.
Over the past 25 years, this ability to customize size, configuration, external and internal finish and other options has developed to the point where modular buildings are virtually indistinguishable from stick-built.
Meanwhile, the historical advantages of prefab construction - rapid occupancy, low cost, and relocatability - have established modular buildings as a better business decision in virtually every field from education to industry, from modular church buildings or hospitals to modular sales offices, sports facilities, and more.
Today, modular construction is used in applications as diverse as McDonald's restaurants and the VIP staterooms aboard the world's largest, most expensive new ocean liner, the Queen Mary 2.
Where now for the industry? In their 2007 predictions, Reed Business Information forecasts three areas for strong growth.
In the Education sector, modular buildings are providing the solution to growing K12 enrollments, school district initiatives to reduce class sizes, and the increasing cost/sq.ft. of traditional construction.
In the commercial retail and general office sector, the primary influence in choosing a modular building, according to Reed Business Information, is "The reduced time frame... because speed-to-occupancy translates into profitability".
Reed cites Healthcare as the third major sector of predicted growth, in response to "An aging population causing hospitals and outpatient care clinics to expand services... with space at a premium".
In our next post, we'll look at the custom features and options available in a modern modular building.]]>
Have you seen our photo albums?tag:blog.pacvan.com,2007://1.172007-04-11T17:58:00Z2007-04-16T19:28:14ZWhen we started planning our new-generation website, our wish list of must-haves was a page long. Near the top was a good, bright, user-friendly gallery to showcase our modular buildings, mobile offices, storage containers and GLO offices....
modular buildings,
mobile offices, storage containers and GLO offices.]]>
There's plenty of options out there, from the simple to the beautiful-but-how-does-it-work, but we're pleased with the version we chose. The “lightbox” effect brings out the images nicely.
If you haven't visited a gallery, check out some of our favorite shots.
The Bank beneath an underpass (Commercial modular buildings)
Pac-Van's 5th Super Bowl appearance (Special events offices)
1st Place and Best of Show, 2006 (Modular sales offices)
The computer lab (Modular school buildings)
All you need is a 100-ft crane (Modular construction offices)
Tough as nails! (GLO container offices)
11,500 sf up and open in 60 days (Modular sales centers)
All dressed up (Storage containers)
Pac-Van Captures Two 1st Place Wins At 2007 Modular Building Institute Awardstag:blog.pacvan.com,2007://1.162007-03-15T15:27:38Z2007-05-07T14:17:46ZInnovation in design, manufacture and construction continues to drive recognition for Pac-Van modular buildings. March 21 2006, Indianapolis, IN - Pac-Van, Inc. has won taken First Place awards and an Honorable Mention at the Modular Building Institute's annual convention, adding...
Innovation in design, manufacture and construction continues to drive recognition for Pac-Van modular buildings.
March 21 2006, Indianapolis, IN - Pac-Van, Inc. has won taken First Place awards and an Honorable Mention at the Modular Building Institute's annual convention, adding to its long history of success in the modular building industry's most prestigious event. ]]>
First Place: Renovation over 10,000 square feet
Initially designed as a sales pavilion for an upscale age-restricted community, the building was leased by the end user for three years through a third-party lender.
The lender subsequently purchased land, installed the building permanently and marketed it - an excellent demonstration of the versatility of modular buildings and the residual value one can expect from investment in modular products. Pac-Van Las Vegas OfficeFirst Place: Temporary Retail under 2000 square feet
This modular information center is designed with a reception area reminiscent of an old fashioned ice cream parlor. Features include: stamped metal ceiling panels & matching crown moulding... granite reception counter with hand rubbed cherry casework & brass foot rail... custom tri-colored vinyl tile floor in a pattern, inlayed with the project logo. One private office, 2 restrooms, a topographic model area & storage area complete the interior space plan. Ceilings in the balance of the building are custom stamped 2'X2' suspended panels. Exterior is finished with clad board siding, with veranda porch on three sides. Structural parapets & trusses create a two-storey illusion. Custom scalloped asphalt shingles top off the gable roof, which sports a custom-made weather vane.
The technical innovation involved creating a two-storey building illusion within the constraints of shipping heights. Parapet walls topped with trusses create a hip roof, complete with faux windows and shutters. Jack Trusses create the porch and a trex decking material is used for the sweeping porch that surrounds three sides of the building. Pad-mount heat pumps with air handlers in the ceiling provide the climate control. While there is no access into the trusses, the building appears to have a useable second floor. A bay window was added on site to complete the look of site built construction. Custom exterior doors installed on site include transom stained glass. A sonotube foundation was used, allowing the units to be rolled onto the supports without use of a crane, saving thousands of dollars. A metered electrical panel and all mechanical ducting were factory installed, saving onsite costs. Air handlers installed in the dead space of the modular instead of in the trusses to save costs when the unit is relocated.
Honorable Mention: Temporary Health Care over 5000 square feet.
This 112x60 mixed-use building for counseling and rehabilitation of troubled youths housed at an adjacent secure dormitory. Designed with three 24x30 classrooms, with a 1-hour fire rated hallway separating classrooms from counseling center. The counseling center has 19 offices, a break room, and a large central work area. There are 4 restrooms in the building. Additionally, the site's slope was challenging, requiring 6' high piers on one end.
Security and safety can be an issue during tough counseling sessions. Each counseling office has an unbreakable Lexan window. Occupants can be viewed by a counselor supervisor, and violent behavior can be contained. One counseling room employs a two-way mirror for observation. All insulation was specified to code to meet the region's efficiency requirements. Wall hung HVAC units with plenum walls and fire dampers provide safe, efficient heating and cooling. Installation of concrete footers and CMU piers allows for future relocation, expansion and/or reconfiguration.
About Modular Buildings
Modular buildings are factory built structures that comply with the same building codes as traditional construction, suit a vast array of applications, and offer the advantages of early occupancy, portability, financial flexibility, and cost effectiveness. Modular buildings have established a growing niche in the construction marketplace for organizations that need temporary or permanent space.
About the Modular Building Institute (MBI)
The Modular Building Institute, (www.mbinet.org), is a non-profit trade association serving the commercial factory-built buildings industry on an international scale. Their regular members are manufacturers and dealers of commercial modular structures. It is the mission of MBI to grow the modular industry and its capabilities by encouraging innovation, quality, and professionalism through communication, education, and recognition.
About Pac-Van, Inc.
Pac-Van, Inc. (www.pacvan.com) is a nationwide provider of modular buildings, mobile offices, and portable storage equipment. The company serves a diverse array of customers, including those in the commercial, industrial, construction, medical, special event, government, and education markets. Pac-Van is headquartered in Indianapolis, IN and has offices in 20
cities in 13 states.]]>
Evolution of Modular Buildingstag:blog.pacvan.com,2007://1.152007-03-06T15:40:54Z2007-03-22T20:16:14ZPart 1 - Early days There's nothing remotely new about the idea of portable, prefab buildings. The concept is at least as ancient as the pyramids. The pharaohs who built tombs to last for ever also had walls to last...
Part 1 - Early days
There's nothing remotely new about the idea of portable, prefab buildings. The concept is at least as ancient as the pyramids.
The pharaohs who built tombs to last for ever also had walls to last the night, knock-down prefab pavilions that accompanied the rulers when they were roughing it with the troops.
Fast-forward several thousand years, and we find the record of America's first modular building, a panelized wooden structure, shipped from England to Cape Ann in 1624 to house personnel
from the fishing fleet.]]>
Modular buildings' first commercial application was probably in Wichita in 1928, a "movable steel" burger stand, 12 x 20 x 12'. This humble eatery was the direct ancestor of the classic Valentine diners, familiar landmarks along the highways of America from the 1930s on. 1930s Valentine Diner However, as World War II drew to an end, the modular building market was still primarily focused on residential, and poised for a remarkable period of growth. Returning servicemen were impatient to start a new life with home and family, and demand far outstripped the capacity of traditional building. The market was more than ready for lower prices and speedier occupancy, and modular buildings were, literally, a ready-made solution.
These early modular buildings were simple in design, and lacked today's high standards for materials and construction; but they served the country's needs, and some are still in use after 50 years or more.
The 40s and 50s housing boom was the impetus the modular building industry needed for the slow but steady evolution of new techniques and materials, and the gradual development of new commercial, industrial and institutional applications, that took place over the next thirty years.
Part 2 of this brief history will look at that period, and at the remarkable advances that have made today's modular buildings a better business solution in fields as diverse as the military, churches, modular schools, offices, modular hospitals, press boxes... and, yes, fast-food outlets. (That good idea back in '28 had legs!)
Image Copyright AQ Style 2006]]>
Pac-Van portable buildings work their fifth Super Bowl!tag:blog.pacvan.com,2007://1.142007-02-01T14:09:31Z2007-03-22T15:20:34ZAs CBS commentators and camera crews bring the game to millions of viewers from inside Dolphin Stadium, Miami, outside the stadium, in a 20,000 s.f. headquarters village of Pac-Van modular buildings and mobile offices, more than 700 staffers will be...
modular buildings and mobile offices, more than 700 staffers will be working behind the scenes.
The 17 portable buildings that make up the temporary complex range in size from 500 to more than 2000 square feet, and will serve the massive CBS Sports team in a variety of ways. For example... office space is provided for executives and for the production team... there's an employee cafeteria... press briefings will be held in a dedicated conference are... and the VIP building will surround guests with plasma TV screens.]]>
modular buildings and mobile offices, more than 700 staffers will be working behind the scenes.
The 17 portable buildings that make up the temporary complex range in size from 500 to more than 2000 square feet, and will serve the massive CBS Sports team in a variety of ways. For example... office space is provided for executives and for the production team... there's an employee cafeteria... press briefings will be held in a dedicated conference are... and the VIP building will surround guests with plasma TV screens.
This is our fifth appearance at the Super Bowl. We were in Atlanta in 2000 for Super Bowl XXIV and in Tampa in 2001 for XXV. Following Jacksonville in 2005 and Detroit in 2006, Super Bowl XLI makes it three in a row.
There's always a buzz of excitement surrounding a project for a major national event, and we've served some of the biggest.. from the Kentucky Derby and Indy 500 to PGA tournaments or rock concerts. Location is not a problem for National Special Event Manager, Ryan Dillon, as he co-ordinates an event through our national network of 20 Branch Offices. In Miami, for example, it was our Orlando Branch that provided for CBS Sports' special requirements and managed the delivery and set-up of the leased complex of mobile offices and modular buildings.
Related links:Special Event services
Mobile officesModular buildings]]>
2007 Midwest Builders Conventiontag:blog.pacvan.com,2006://1.132006-12-20T15:46:35Z2007-05-07T14:21:02ZWe're taking our jobsite offices and storage solutions to the Indianapolis Show in January January 17th and 18th are circled on our calendar for our first trade show participation of the new year. We'll be at the 2007 Midwest Builders...
We're taking our jobsite offices and storage solutions to the Indianapolis Show in January
January 17th and 18th are circled on our calendar for our first trade show participation of the new year. We'll be at the 2007 Midwest Builders Convention, with homebuilder's solutions for jobsite storage, temporary sales offices, and modular sales offices.]]>
portable steel storage container or a mobile storage trailer is the ideal solution for safe, weather-proof, at-hand storage of builders' or subcontractors' materials and tools.
In the early stages of site development, a storage container or storage trailer with a custom finish also works as a jobsite billboard. (Our storage container photo gallery has more examples of custom paint finishes.)
Temporary sales offices are another ideally suited solution for the home builder, for the practicality of a relocatable office, and for the head start they provide for generating sales.
A temporary sales office can be on the spot, open for business and selling before ground is broken. The mobile sales office can then serve until the last lot is sold... or until replaced by a modular sales office.
With multiple projects in different locations, a temporary sales office can also be scheduled to be moved and reopened elsewhere.
Whether as their day one office or to replace a portable sales office, our homebuilder customers select a modular sales office for two sound business reasons, time and money!
Once again, it's a matter of being up and earning earlier. Make that much earlier, with typical cost savings of 40%, and occupancy in as little as half the time of traditional stick-built construction.
A Pac-Van standard 24 x 60'< modular office can be easily and extensively customized, inside and out, as these two examples show.
Design-building custom modular sales offices for home builders has long been a special Pac-Van expertise, and has earned us a name as one of the best in the industry, plus the peer Awards to back it up. (You can see many of our Award-winning designs in our sales office photo gallery.)
Depending on their needs and capital budget, homebuilders can either lease or buy a Pac-Van temporary modular sales office, and our customers who build in more than one state know they can count on identical quality buildings and dependable service from any of our 20
locations.
If you're coming to the Midwest Builders Convention, stop by Booth 225 in Hall C, and ask us about our mobile and modular jobsite space and storage solutions. (And don't forget to enter our Drawing for an iPod Shuffle.)
See you at the Show.
The Indiana Builders Association proudly presents
The 2007 Midwest Builders Convention
Indiana Convention Center - HALL C
Indianapolis, Indiana
January 17th and 18th]]>
Retailers turn to storage containers as on-site solutions for holiday inventorytag:blog.pacvan.com,2006://1.122006-12-05T20:49:05Z2006-12-06T05:13:27Z'Tis the season when stock rooms bulge at the seams, boxes pile in the aisles and atop the racks, and retailers turn to Pac-Van steel storage containers to store their extended inventory for the holiday season. It's a highly practical...
storage containers to store their extended inventory for the holiday season.
It's a highly practical and budget-friendly choice. A 14g all-steel storage container (a.k.a. shipping container or connex box) creates instant, lease-by-the-month cubic space-secure, weather and vandal proof, and right at hand.
Steel storage containers make sound business sense as a planned, short-duration cost. Lease-by-month lets our retailer clients terminate their lease when the crush ends and the container is empty, purpose served. One call, and we'll be there to pick up.
For store managers, the advantages of having extra on-the-spot storage space emerge in stockroom efficiencies and, importantly, in customer service and satisfaction at a madly busy time.
With their merchandise immediately available in a storage container-not stored miles away at a distribution center-their customers go home with purchases in their hands, instead of a shipping date.
The security of an all-steel storage container is another factor for our retailer clients. Unlike aluminum containers (that can be broken into with a large box knife), as our storage container page says, a Pac-Van steel container has "serious construction, serious security".
Heavy 14g steel throughout, with a wooden floor, and heavy cam rods on the doors. Supplemental, virtually indestructible rod locks can also be installed. We also fit containers with shelving. (Check our storage container FAQ for detailed information.)
If you're a retailer looking for an answer to holiday inventory overflow, Pac-Van has 20 locations that can easily deliver a storage container to your store's back door. The PV Office Locator at top left will take you to your closest branch. ]]>
Pac-Van recognized for Entrepreneurial Spirit in the 2006 IEAD Awardstag:blog.pacvan.com,2006://1.112006-10-24T18:41:57Z2006-10-24T19:02:29ZOctober 24, 2006, Indianapolis, IN - Pac-Van, Inc was one of twenty-four companies selected as the best in their categories in this year's Indiana University Entrepreneurial Awards of Distinction, presented Thursday, October 19th evening in Indianapolis, by IU's Kelley School...
October 24, 2006, Indianapolis, IN - Pac-Van, Inc was one of twenty-four companies selected as the best in their categories in this year's Indiana University Entrepreneurial Awards of Distinction, presented Thursday, October 19th evening in Indianapolis, by IU's Kelley School of Business.]]>
Nine-time winners in the past 10 years
Pac-Van, winners for the last eight consecutive years of the Growth 100 Awards, was a finalist in 2005 and this year a winner in the Entrepreneurial Spirit category, awarded to honor companies for their high standards in risk-taking and perseverance through obstacles.
About Pac-Van, Inc.
Pac-Van, Inc. (www.pacvan.com) is a nationwide provider of modular buildings, mobile offices, and portable storage containers. The company serves a diverse array of customers, including those in the commercial, industrial, construction, medical, special event, government, and education markets. Pac-Van's reputation for excellent quality and unsurpassed service has won the company many accolades, including multiple listings in the "Inc. 500" List of Fastest Growing Companies in the U.S. and the Inc. "Inner City 100" List of Fastest Growing, Privately Owned, Inner City Companies in the U.S. Pac-Van is headquartered in Indianapolis, IN, and has offices in 20 cities in 13 states.]]>
Pac-Van, Inc. is Acquired by Private Equity Grouptag:blog.pacvan.com,2006://1.102006-08-04T20:20:04Z2006-08-09T13:07:16ZINDIANAPOLIS--Aug. 4, 2006--Pac-Van, Inc. ("Pac-Van" or the "Company") today announced it has been acquired by Mobile Office Acquisition Corp. ("MOAC"). The debt and equity capitalization for the purchase of Pac-Van was provided by Laminar Direct Capital L.P. and certain of...
INDIANAPOLIS--Aug. 4, 2006--Pac-Van, Inc. ("Pac-Van" or the "Company") today announced it has been acquired by Mobile Office Acquisition Corp. ("MOAC"). The debt and equity capitalization for the purchase of Pac-Van was provided by Laminar Direct Capital L.P. and certain of its affiliates ("Laminar") and other private investors, with the senior banking facility provided by a group led by LaSalle Bank N.A., for an undisclosed amount.
Company is headquartered in Indianapolis, IN and has established itself as a leader in the mobile space industry providing its services from 20 branch locations in 13 states concentrated in the Midwest, Southeast, and the Rockies.
"Since its inception, Pac-Van has become well-known for its high quality product offerings and industry leading customer service," says Brent Claymon, one of the Company's founders. "Given the Company's top-rate management team, stellar reputation, unique products and growing customer base, Pac-Van will benefit from the opportunity to invest in opening new locations and, over time, continuing industry consolidation."
Mr. Ted Mourouzis, who will continue his leadership role as President along with the existing management team, says he is excited about this opportunity. "Pac-Van has experienced tremendous growth in revenue and profitability in recent years," Mr. Mourouzis shared. "The partnership with Laminar and key investors will help us to better pursue our goals for further expansion. Both Laminar and the investors have proven their ability to grow similar businesses, and their business philosophy is compatible with the existing Pac-Van culture."
John Felix of Laminar added, "we are very excited to partner with the Pac-Van team, they are tremendously experienced in their market and are an excellent operator with unparalleled commitment to quality and customer service."
The Spartan Group LLC acted as financial advisor and Barnes & Thornburg LLP acted as legal advisor to Pac-Van. Jeffer Mangels Butler & Marmaro LLP was the legal advisor to the buyer group.
About Pac-Van, Inc.
Pac-Van, Inc. is a nationwide provider of modular buildings, mobile offices, and portable storage equipment. The company serves a diverse array of customers, including those in the commercial, industrial, construction, medical, special event, government, and education markets. Pac-Van's growth, reputation for excellent quality and unsurpassed service has won the company many accolades, including multiple listings in the "Inc. 500" List of Fastest Growing Companies in the U.S. and the Inc. "Inner City 100" List of Fastest Growing, Privately Owned, Inner City Companies in the U.S. Pac-Van is headquartered in Indianapolis, IN and has offices in 20 cities in 13 states.
www.pacvan.com
About Laminar Direct Capital L.P.
Laminar Direct Capital L.P. is a member of the D. E. Shaw group of companies. It is an investment firm that provides between $5 million to over $150 million in capital to public and private companies for acquisitions, recapitalization, growth opportunities, leveraged buyouts, bridge loans, and distressed situations. The firm seeks to invest in numerous industries throughout North America. It participates in all levels of the capital spectrum, including senior debt, mezzanine debt, and equity capital. Laminar has offices in Houston, Texas, San Francisco, California, and Washington, D.C. www.laminardirect.com
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Pac-Van modular buildings take home top MBI Awards: Win two Best of Show, two 1st place and an Honorable Mentiontag:blog.pacvan.com,2006://1.92006-03-15T17:37:22Z2006-08-08T21:12:40ZMarch 15 2006, Indianapolis, IN - Pac-Van, Inc. has won Best of Show at the Modular Building Institute's annual convention for the third consecutive year - this year winning two of the three 2006 awards. The MBI Awards of Distinction...
March 15 2006, Indianapolis, IN - Pac-Van, Inc. has won Best of Show at the Modular Building Institute's annual convention for the third consecutive year - this year winning two of the three 2006 awards. The MBI Awards of Distinction are given annually to recognize the world's best modular building projects.
About Modular Buildings
Modular buildings are factory built structures that comply with the same building codes as traditional construction, suit a vast array of applications, and offer the advantages of speed, portability, financial flexibility, and cost effectiveness. Modular buildings have established a growing niche in the construction marketplace for organizations that need temporary or permanent space quickly.
About the Modular Building Institute (MBI)
The Modular Building Institute, (www.mbinet.org), is a non-profit trade association serving the commercial factory-built buildings industry on an international scale. Their regular members are manufacturers and dealers of commercial modular structures. It is the mission of MBI to grow the modular industry and its capabilities by encouraging innovation, quality, and professionalism through communication, education, and recognition.
About Pac-Van, Inc.
Pac-Van, Inc. (www.pacvan.com) is a nationwide provider of modular buildings, mobile offices, and portable storage equipment. The company serves a diverse array of customers, including those in the commercial, industrial, construction, medical, special event, government, and education markets. Pac-Vanss reputation for excellent quality and unsurpassed service has won the company many accolades, including multiple listings in the "Inc. 500" List of Fastest Growing Companies in the U.S. and the Inc. "Inner City 100" List of Fastest Growing, Privately Owned, Inner City Companies in the U.S. Pac-Van is headquartered in Indianapolis, IN and has offices in 20 cities in 13 states.]]>
Pac-Van, Inc. Wins Top Honor at National Modular Building Eventtag:blog.pacvan.com,2005://1.82005-03-10T17:36:27Z2006-08-04T20:17:31ZMarch 10, 2005, Indianapolis, IN - For the third time in five years, Pac-Van, Inc. has won a "Best of Show" award at the Modular Building Institute's annual convention. In addition to the top honor, the company also won five...
March 10, 2005, Indianapolis, IN - For the third time in five years, Pac-Van, Inc. has won a "Best of Show" award at the Modular Building Institute's annual convention. In addition to the top honor, the company also won five other awards. The "Awards of Distinction" are given annually to recognize the world’s best modular building projects. The projects are scored in four categories: architectural excellence, technical innovation, cost effectiveness/energy efficiency and calendar days to complete.
This year, Pac-Van's Mountain's Edge Community Welcome Center project was voted "Best of Show-Temporary Application" by the attendees at the conference. This same project, coordinated by Pac-Van's Las Vegas branch, also took home the 1st place honor in the "Temporary Retail / Hospitality Building 2,000+ sq ft" category.
Other awards won include:
· Pac-Van's Nashville office: 1st Place "Temporary Office 5,000+ sq ft"
· Pac-Van's Phoenix office: 1st Place "Permanent Education Building 5,000 – 10,000 sq ft"
· Pac-Van's Las Vegas office: 1st Place "Permanent Modular Healthcare Building 5,000+ sq ft"
· Pac-Van's Memphis office: Honorable Mention "Temporary Modular Special Application"
About Modular Buildings
In recent years, modular buildings have continued to carve out a growing niche in the construction marketplace for organizations that need temporary or permanent space. Modular buildings are factory built structures that comply with the same building codes as traditional construction and have a vast array of applications. The advantages of modular buildings can include speed, portability, financial flexibility, and cost effectiveness.
About the Modular Building Institute (MBI)
The Modular Building Institute, (www.mbinet.org), is a non-profit trade association serving the commercial factory-built buildings industry on an international scale. Their regular members are manufacturers and dealers of commercial modular structures. It is the mission of MBI to grow the modular industry and its capabilities by encouraging innovation, quality, and professionalism through communication, education, and recognition.
About Pac-Van, Inc.
Pac-Van, Inc. (www.pacvan.com) is a nationwide provider of modular buildings, mobile offices, and portable storage equipment. The company serves a vast array of customers including those in the commercial, industrial, construction, medical, special event, government and education markets. Pac-Van's reputation for excellent quality and unsurpassed service has won the company many accolades, including multiple listings in the "Inc. 500" List of Fastest Growing Companies in the U.S. and the Inc. "Inner City 100” List of Fastest Growing, Privately Owned, Inner City Companies in the U.S. Pac-Van is headquartered in Indianapolis, IN and has offices in 20 cities in 13 states.
Pac-Van, Inc. named a 2004 Indiana Growth 100 Awardee for eighth yeartag:blog.pacvan.com,2004://1.72004-10-29T17:14:11Z2006-08-02T17:59:16ZNEWS RELEASE October 29, 2004 CONTACT: Angie Hamilton, Vice President-Marketing, 317-791-2020 Pac-Van, Inc. named a 2004 Indiana Growth 100 Awardee for eighth year (Indianapolis, IN) -- The Johnson Center for Entrepreneurship & Innovation, a division of Indiana University’s Kelley School...
NEWS RELEASE
October 29, 2004
CONTACT: Angie Hamilton, Vice President-Marketing, 317-791-2020
Pac-Van, Inc. named a 2004 Indiana Growth 100 Awardee for eighth year
(Indianapolis, IN) -- The Johnson Center for Entrepreneurship & Innovation, a division of Indiana University’s Kelley School of Business, recognized Indiana’s leading high potential, high growth companies at its 11th annual Growth 100 Dinner and Awards Banquet Wednesday, October 27 at the Indiana Roof Ballroom in Indianapolis.
Pac-Van, Inc., of Indianapolis, was among the winners. Pac-Van has received the Growth 100 Award eight times, making them one of two companies who have ever been named to this prestigious list for eight years.
Pac-Van, Inc. was founded in 1993 and currently employs 46 persons from Indiana and over 165 employees nationwide. Ted Mourouzis, Chief Operating Officer, states that he is proud to be recognized as an Indiana Growth 100 Company. “Besides the personal satisfaction, we see this award as a testament of the dedication of our entire team. We've managed to continue our growth in a tough economic environment the past few years. We’re thrilled to be named a part of this elite group of Indiana businesses for the eighth time in our eleven year history.”
The Growth 100 award honors Indiana’s rapid growth, high potential entrepreneurial companies. Nominees for the award must be privately held Indiana businesses and have at least $500,000 in annual sales or have raised a significant amount of funding. This year, 88 highly qualified companies were carefully selected from across the state. Growth 100 companies are identified through an analysis process that is based upon High Performance Organization research conducted by The Johnson Center.
“This year’s 2004 Growth 100 awardees have a combined 2003 sales total of more than $1.17 billion, with an incredible growth rate averaging 58 percent,” said Tom Hustad, interim Director of the Johnson Center for Entrepreneurship and Innovation at IU’s Kelley School of Business. “To be able to build this type of momentum in such a challenging economic climate is quite a feat.” “These companies are a vital, central contributor to the state. Combined, they employ more than 8,600 Indiana residents, and have increased their employment numbers by an average of 33% in the last three years. With the state experiencing an overwhelming loss of jobs through an equivalent period, this is quite remarkable.” Hustad adds, “We recognize these companies because they represent the entrepreneurial spirit of Indiana business, working to enlarge the state’s role in the national and global corporate arena.”
About Pac-Van, Inc.
Pac-Van, Inc. (www.pacvan.com) is a nationwide provider of Innovative Space Solutions in the modular building, mobile office, and portable storage industry. The company serves a vast array of customers including those in the commercial, industrial, construction, medical, special event, government and education markets. Pac-Van’s reputation for excellent quality and unsurpassed service has earned the company many accolades, including: “Inc. 500” List of Fastest Growing Companies in the United States – 1999, 2000, 2001; Inc. “Inner City 100” List of Fastest Growing, Privately Owned, Inner City Companies in the United States – 1999, 2000, 2001, 2002, 2003; Indiana University’s Kelley School of Business “Growth 100” Companies – 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004; Pac-Van, Inc. is headquartered in Indianapolis, IN and maintains branch locations in 20 cities and 13 states domestically. To learn more call 1-800-586-1306 or visit their website at www.pacvan.com
For more information regarding the Growth 100 program and The Johnson Center for Entrepreneurship & Innovation, call 812.855.4248 or visit The Johnson Center’s web site at www.kelley.indiana.edu/jcei.
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The lender subsequently purchased land, installed the building permanently and marketed it - an excellent demonstration of the versatility of modular buildings and the residual value one can expect from investment in modular products. Pac-Van Las Vegas Office
First Place: Temporary Retail under 2000 square feet
This modular information center is designed with a reception area reminiscent of an old fashioned ice cream parlor. Features include: stamped metal ceiling panels & matching crown moulding... granite reception counter with hand rubbed cherry casework & brass foot rail... custom tri-colored vinyl tile floor in a pattern, inlayed with the project logo. One private office, 2 restrooms, a topographic model area & storage area complete the interior space plan. Ceilings in the balance of the building are custom stamped 2'X2' suspended panels. Exterior is finished with clad board siding, with veranda porch on three sides. Structural parapets & trusses create a two-storey illusion. Custom scalloped asphalt shingles top off the gable roof, which sports a custom-made weather vane.
The technical innovation involved creating a two-storey building illusion within the constraints of shipping heights. Parapet walls topped with trusses create a hip roof, complete with faux windows and shutters. Jack Trusses create the porch and a trex decking material is used for the sweeping porch that surrounds three sides of the building. Pad-mount heat pumps with air handlers in the ceiling provide the climate control. While there is no access into the trusses, the building appears to have a useable second floor. A bay window was added on site to complete the look of site built construction. Custom exterior doors installed on site include transom stained glass. A sonotube foundation was used, allowing the units to be rolled onto the supports without use of a crane, saving thousands of dollars. A metered electrical panel and all mechanical ducting were factory installed, saving onsite costs. Air handlers installed in the dead space of the modular instead of in the trusses to save costs when the unit is relocated.
Honorable Mention: Temporary Health Care over 5000 square feet.
This 112x60 mixed-use building for counseling and rehabilitation of troubled youths housed at an adjacent secure dormitory. Designed with three 24x30 classrooms, with a 1-hour fire rated hallway separating classrooms from counseling center. The counseling center has 19 offices, a break room, and a large central work area. There are 4 restrooms in the building. Additionally, the site's slope was challenging, requiring 6' high piers on one end.
Security and safety can be an issue during tough counseling sessions. Each counseling office has an unbreakable Lexan window. Occupants can be viewed by a counselor supervisor, and violent behavior can be contained. One counseling room employs a two-way mirror for observation. All insulation was specified to code to meet the region's efficiency requirements. Wall hung HVAC units with plenum walls and fire dampers provide safe, efficient heating and cooling. Installation of concrete footers and CMU piers allows for future relocation, expansion and/or reconfiguration.
About Modular Buildings
Modular buildings are factory built structures that comply with the same building codes as traditional construction, suit a vast array of applications, and offer the advantages of early occupancy, portability, financial flexibility, and cost effectiveness. Modular buildings have established a growing niche in the construction marketplace for organizations that need temporary or permanent space.
About the Modular Building Institute (MBI)
The Modular Building Institute, (www.mbinet.org), is a non-profit trade association serving the commercial factory-built buildings industry on an international scale. Their regular members are manufacturers and dealers of commercial modular structures. It is the mission of MBI to grow the modular industry and its capabilities by encouraging innovation, quality, and professionalism through communication, education, and recognition.
About Pac-Van, Inc.
Pac-Van, Inc. (www.pacvan.com) is a nationwide provider of modular buildings, mobile offices, and portable storage equipment. The company serves a diverse array of customers, including those in the commercial, industrial, construction, medical, special event, government, and education markets. Pac-Van is headquartered in Indianapolis, IN and has offices in 20
cities in 13 states.]]>
The 17 portable buildings that make up the temporary complex range in size from 500 to more than 2000 square feet, and will serve the massive CBS Sports team in a variety of ways. For example... office space is provided for executives and for the production team... there's an employee cafeteria... press briefings will be held in a dedicated conference are... and the VIP building will surround guests with plasma TV screens.]]>
modular buildings and mobile offices, more than 700 staffers will be working behind the scenes.
