15 December 2016
B P Collins LLP advises Mobile Mini
B P Collins has advised Mobile Mini - a leading hirer of portable site accommodation and secure storage containers, with global headquarters in Arizona, USA and UK operations based in Stockton-on-Tees - on the acquisition of two storage container sales and hire businesses.
Mr Box Ltd, 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 superb 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 Ltd, 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.
Chris Morgan, the Managing Director of Mobile Mini UK said: “We are delighted to welcome Mr Box and Containers 2000 to the Mobile Mini family. Both companies have strong container hire and sales businesses and have a reputation for superb customer service and quality products.”
Chris continued: “These two companies bring with them a high quality, highly utilised fleet of containers and we expect a seamless transition for their existing customers.”
Victoria Holland, partner in the Corporate and Commercial team at B P Collins, advised on the acquisitions. She was supported by Lucy Newman and Harpal Jutley in the Corporate and Commercial team, Hannah King in the Employment team and Maria Mowberry in the Property team.
B P Collins has worked with Mobile Mini for over 10 years providing acquisition support and advising on its growth strategy.
Victoria said: “We are very pleased to have helped Mobile Mini further cement its position as one of the UK’s leading portable site accommodation and secure storage container businesses by advising on this important acquisition.”
Financial terms of the transactions have not been disclosed.