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Container business aqcuisitions
06 December 2016
Mobile Mini, a hirer of portable site accommodation and secure storage containers, with its global headquarters in Arizona, USA and UK operations based in Stockton-on-Tees, has acquired two storage container sales and hire businesses.
Mr Box, based near Ipswich, services customers across the UK and has a fleet of approximately 2,600 containers for hire, as well as a substantial container sales and conversion business. The company has built a reputation for quality customer service and has established a position as a niche supplier to the fast-growing self-storage industry. The sale will see Mr Box operate as a separate division within Mobile Mini, supported by Mobile Mini's national network of branches.
Containers 2000, a Gateshead-based container business with customers across the North East, operates a fleet of approximately 700 high quality secure storage containers from its branch near Gateshead. Mobile Mini plans to merge the Containers 2000 business with its existing branch in Sunderland, located just eight miles away.
Following the acquisitions, Mobile Mini's UK hire fleet of portable site accommodation and secure storage containers will grow to almost 40,000 units. The acquisitions will increase Mobile Mini's UK workforce to more than 400, based at its headquarters in Stockton-on-Tees and sixteen branches across the country, from Glasgow to Southampton. It also allows the business to strengthen its existing container hire and sales business and will help extend its presence in key non-construction markets such as retail, hospitality and education. Financial terms of the transactions have not been disclosed.