Container storage and accommodation firm Mobile Mini UK has acquired a rival business from Scottish firm Fraser Ltd for an undisclosed sum.
Stockton-headquartered Mobile Mini UK, which is the UK arm of the Nasdaq-listed business, has bought the North Lanarkshire business which will be operated as part of its Scottish network, based out of Glasgow.
Fraser Ltd’s container business employs 23 people and manages a fleet of around 500 containers for storage and temporary accommodation purposes.
The Coatbridge-based firm offers rental and sales, container repairs, as well as modification and transport services.
Following the deal the Fraser family will continue to run its core haulage and container repair business and Mobile Mini UK will not assume the Fraser name.
Chris Morgan, managing director of Mobile Mini UK said: “Our acquisition of Fraser is part of our growth strategy in the UK, which includes strengthening our container hire business and extending our reach into new market sectors such as retail and education.
“Fraser’s 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.”
The Fraser deal is the first acquisition for Mobile Mini in the UK since the transformational acquisition of Ravenstock MSG in 2008 which provided it with greater reach across the UK.
News of the acquisition follows a stellar set of results for Mobile Mini UK Ltd, which last year reached turnover of £52m.
The firm employs 367 staff across its Stockton base and 16 other depots around the country, including North East sites in Sunderland and Middlesbrough.
Following the results the firm said it was pursuing plans to grow its presence in the UK retail and education sectors.
It now intends to invest in its UK-wide fleet of more than 37,000 portable accommodation and storage units, in a bid to grow its UK customer base of around 8,500 businesses.