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Portabull Cold Storage acquires Portable Refrigeration Storage, Inc. to enhance its Southeast rental fleet

Oct 28, 2024•about 1 year ago

Acquiring Company

Portabull Cold Storage

Acquired Company

Portable Refrigeration Storage

HattiesburgMorrowLogisticsOil And GasManufacturing

Description

Houston-based Portabull Cold Storage has strategically acquired Portable Refrigeration Storage, Inc. (PRS), expanding its rental fleet of electric-powered, temporary on-site cold storage units. This acquisition aims to enhance PRS's customers' access to advanced, efficient cold storage solutions and strengthen Portabull's presence in the Southeast United States.

Company Information

Company

Portabull Cold Storage

Location

Hattiesburg, Mississippi, United States

About

Portabull Cold Storage is a national provider of electric temporary on-site cold storage solutions, offering delivery and pickup logistics, as well as 24/7 access to expert support. Founded in 2008, the company is committed to becoming the national leader in electric on-site cold storage, providing a more sustainable and more affordable alternative to traditional cold storage solutions.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed