Tue, 30 Apr 2024 | MERGER
Two storage companies have announced a merger to create a new entity and are now poised to target expansion. The merger, between blue self storage Ltd (bss) and Maltings Documents Storage Solutions (MDSS), is focused on driving “growth and funding opportunities".
The firms have formed the new entity “Blue Storage Group”, but will continue to operate under their existing brands. Blue self storage Limited provides storage services for businesses, homes, vehicles and removal companies, with facilities in Tyneside, Cardiff and Bridgend and a new facility set to be launched in Gloucester.
MDSS, which is based in Cardiff, is a document storage and management services provider. The firm has more than 40 years’ experience providing bespoke services across Cardiff and the surrounding areas and is aiming to expand further into England.
Blue self storage Managing Director Chris Bryan will assume responsibility for the merged entity’s strategic direction, including both companies, while Dean Daly will continue as blue self storage’s Operations Director.
MDSS Non-Executive Director Gareth Oram will continue in his role, with day-to-day operations at the company being managed by Commercial Director Chris James.
Chris Bryan commented: “This merger will enable us to improve our current offerings, expand our services, and deliver better value to all our customers. While both businesses offer storage solutions to different industries, the infrastructure that’s required for both offerings are very similar.”
“We have ambitious plans for Blue Storage Group; building on the recent opening of our Bridgend operation, we are currently finalising our plans to open a facility at Gloucester and have several other sites in the pipeline."
Gareth Oram added: "The merger represents a strategic move towards greater growth and efficiency. We believe that we will be better positioned to pursue opportunities and continue our aim to be one of the key innovators in what is a very competitive sector. Striving towards innovation, we have invested in the latest digital software and technology so that we can focus on consistent, high-quality service for all our customers, large or small.”
Find out more about the outlook for UK M&A activity this year
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