Ratings on Baker Tanks Inc. reflect its relatively small revenue base, participation in the small containment rental equipment sector, and a weak financial profile with no unencumbered assets and a small revolving credit facility. Positive credit factors include the company's position as one of the largest suppliers of containment rental equipment in the U.S. and its relatively stable cash flow. Seal Beach, Calif.-based Baker Tanks operates through a network of 41 locations and maintains over 15,000 rental units, including steel tanks, polyethylene tanks, intermodal and roll-off containers/boxes, pumps, pipes, hose and fittings, tank trailers, berms, and filtration products. Baker Tanks' customers lease these products for the storage of water, chemicals, and waste streams; storage and transportation of solid waste; pumping...
Companies mentioned in this report are: BakerCorp
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