In the fictional words of BakerCorp, "t'anks for renting from us." Since its founding in 1942, BakerCorp has distributed industrial tanks, pumps, filtration, and shoring equipment for diverse applications ranging from construction to food processing to oil refining. The company also rents related equipment used in liquid or solid containment. BakerCorp has about 100 operations throughout the US, as well as in Canada, Mexico, and Europe, and stocks an inventory of more than 20,000 pieces of equipment. New York-based investment firm Lightyear Capital bought the company in late 2005 and in spring 2011 sold off the tank rental and leasing service to London private-equity Permira in a deal valued at $960 million.
Under Permira's ownership, BakerCorp anticipates a rapid expansion of its portfolio and network, at home and abroad. BakerCorp, well positioned thanks to Lightyear's grooming, reportedly generates steady revenue coupled with opportunities for growth. During the last six years, BakerCorp has established a solid customer base in North America and subsequently across the Atlantic. The company opened offices in The Netherlands, and crossed into Germany and France; it now operates five locations in Europe. BakerCorp most recently has bolted on two acquisitions that strengthen its offerings and international reach. – less