Portabull Cold Storage (Portabull) and Kelly Refrigeration and Freezer (Kelly) announce Portabull’s acquisition of Kelly’s electric cold storage container fleet and the establishment of a Portabull operations hub in the Northeast. As a national provider of electric temporary on-site cold storage, Portabull brings Kelly’s current customers expanded access to the most advanced solutions on the market.
“Portabull will build upon the quality offerings Kelly has always provided to their customers,” says John Herman, president of Portabull Cold Storage. “Our job is to apply our advanced equipment, nationwide logistics network, and team of cold storage experts to increase the quality and reach of cold storage solutions in the Northeast United States.”
With a growing fleet of electric cold storage containers, suitable for industries ranging from grocers to pharmaceutical manufacturers, Portabull reinforces its position as the top national provider of these efficient, economical units under its full-service model. In turn, Kelly will focus on its primary business of customizing and selling tailor-made cold storage units.
“Our company has been working hard for over 40 years to build successful relationships with our customers,” says Paul Montinieri, president of Kelly Refrigeration and Freezer. “We know, in the interest of continuing to serve these relationships best, Portabull is equipped to deliver the value and quality our customers are used to.”
As the companies explored the opportunity for this combination and performed their due diligence, a shared view for the future of the industry also drove the decision to work together.
“Partnerships are the basis of our success,” says Mr. Herman. “That’s also true for Kelly Refrigeration and Freezer, which is why they’ve grown such a loyal group of return customers. Paul and his team saw that our focus is also on building those exact same partnerships. That’s when he knew we were the right choice to continue serving their cold storage rental customers.”
Portabull, founded in 2008, has devoted itself to becoming the national leader in electric on-site cold storage. They offer their containers as a more sustainable and more affordable alternative to traditional diesel-powered cold storage solutions. With the addition of the electric units from Kelly’s rental fleet, Portabull increases its lead over the industry in sheer fleet size.
“We believe in the potential of electric cold storage to bring big changes to the businesses and organizations that use it,” says Mr. Herman. In his eyes, the reduction in carbon footprint, typical operational savings, and efficient expansion and contingency are more than just benefits: they are strategic tools to be used.
“With this acquisition, both Portabull and Kelly are in much stronger positions,” Mr. Herman continues. “We are both able to focus on our best products and services, as well as the relationships that make them matter.”
ABOUT PORTABULL COLD STORAGE
Portabull Cold Storage makes temporary on-site cold storage simpler and more affordable for businesses across the United States. By including delivery and pickup logistics, as well as 24/7 access to expert support, Portabull provides a single-source cold storage solution for grocers, restaurants, breweries, florists, fisheries, pharmaceutical firms, manufacturers, and businesses in dozens of other industries.
Contact us at marketing@portabull.com.
ABOUT JONES CAPITAL
Jones Capital (Jones) began as a family business with a simple mission: to help communities, provide jobs and enhance lives. Today, with locations in Houston, TX and Hattiesburg, MS, Jones carries on that mission by being a growth-oriented, value-added capital partner to businesses and management teams that share our common values and vision for long-term, sustainable growth that benefits all stakeholders – customers, communities, employees, and shareholders. For more information, please visit https://jones.com/.
Jones Capital : Jul 9, 2024 5:42:21 PM
Jones Capital