Posted on July 01st 2015 by Tom Baker
MBO of Carter Cabin Hire
We are delighted to announce that we have undergone a management buy-out seeking to capitalise on the rapid growth of the temporary accommodation market and to double the size of the business in the next three years.
The new management team, led by MD Darren Arnold, have acquired the business from its founders and secured a £20m capital injection that will enable us to transform our current fleet into one of the highest quality and most environmentally sound available in the UK today. The deal, supported by specialist private client investment business Connection Capital, will also create 25% more jobs within the business.
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“I’m really excited about the opportunity we have to take the business forward in such a rapidly growing market” said Darren Arnold, Managing Director. “We already have a second to none reputation for the speed and effectiveness of our service, so the opportunity to marry that with what will soon be one of the UK’s market leading eco-fleets is incredibly positive”.