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Portabull Cold Storage completes acquisition of Kelly Refrigeration and Freezer to expand electric cold storage solutions in Northeast United States

Jun 03, 2024•about 1 year ago

Acquiring Company

Portabull Cold Storage

Acquired Company

Kelly Refrigeration and Freezer

HattiesburgMinneapolisLogisticsOil And GasOil And GasManufacturing

Description

Portabull Cold Storage has acquired Kelly Refrigeration and Freezer's electric cold storage container fleet and established a new operations hub in the Northeast, expanding its offerings and reinforcing its position as the top national provider of electric temporary on-site cold storage solutions. The acquisition allows Portabull to provide advanced solutions to Kelly's current customers and demonstrates a strategic focus on the future of the industry.

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