Mobile Mini, the world’s leading provider of portable accommodation and secure storage solutions, has announced the acquisition of a storage container hire business from Fraser Ltd, based in Coatbridge near Glasgow.
The container hire business to be acquired operates a fleet of approximately 500 high quality containers and will be merged with Mobile Mini’s existing Scottish business, also based in Coatbridge. The deal allows Frasers to focus on its core transportation and container repair business, which will continue to operate separately.
Mobile Mini currently has a 367 strong workforce at its headquarters in Stockton on Tees and sixteen depots across the UK, from Glasgow to Gravesend. It is the first acquisition for the company in the UK since the transformational acquisition of Ravenstock MSG in 2008.
Chris Morgan, Managing Director, Mobile Mini UK commented: “Our acquisition of Frasers is part of our growth strategy in Scotland, which includes strengthening our container hire business and extending our reach into new market sectors such as retail and education.”
Chris continued: “Frasers’ high quality, highly utilised, containers fit well with our own container fleet, and we expect a seamless transition for Frasers’ existing container hire customers. We’ve worked with Frasers for many years and both companies have a belief in providing high quality, personalised service.”
Established in 2000, Fraser Ltd is a family run business which provides container rental and sales, container repairs, as well as modification and transport services. Financial terms of the transaction have not been disclosed.
Photo caption: From left William Fraser, Mobile Mini’s Glasgow Branch Manager Fiona Milburn and Thomas Fraser