Jones Capital has sold Portabull Storage to WillScot

Portabull Storage

Portabull Storage (Portabull) is a leading portable cold chain solutions platform for a variety of end markets, including food & beverage retail, wholesale, industrial, healthcare, pharmaceutical, ag-tech, biotech, education, government, logistics and warehousing. With a 15+ year track record of success, Portabull is a trusted, customer-focused supplier with a leading footprint across 20+ states in the United States. Portabull provides a diverse range of cold storage rental solutions, including walk-in and dock-high electric cold storage containers, refrigerated trailers and cooler rooms.

The Deal

Since its founding in 2007, Portabull has achieved significant growth under the leadership of Jones Capital and CEO John Herman. The shareholders of Portabull engaged Lincoln International to find the best partner to support the company’s continued growth. The partnership between Portabull and WillScot will enhance the combined business’s presence in the portable cold storage market across the U.S. and enable it to provide top-quality solutions to its customer base. Together, the two organizations strengthen their leadership and deliver greater value through shared expertise and expanded capabilities.

“Lincoln’s role as a trusted advisor in identifying the ideal partner to support Portabull’s ongoing growth was invaluable. Their strategic leadership, unmatched industry expertise and excellent execution ensured exceptional results for all stakeholders,” commented Tom Caughlin, President & Chief Investment Officer of Jones Capital.

Our Perspective

Adam Gifford, Managing Director in Lincoln’s Industrials Group who led the transaction, commented, “It was a pleasure to work alongside Jones Capital and Portabull on this transaction. Jones continues to be a great steward of businesses and, with John Herman’s leadership, created a growth platform. We are eager to see their continued success.”

“Portabull is a fantastic complement to WillScot’s platform, enhancing WillScot’s current cold chain solution offerings and continuing to diversify WillScot’s end markets,” said Greg Nebergall, Director in Lincoln International’s Industrial Group.

Jones Capital

Jones Capital (Jones) partners with middle market businesses to provide dynamic ideas and resources, focusing on practical solutions to drive growth. Business sectors Jones has focused on include transportation & logistics, infrastructure, industrials, construction and technology & business services. With locations in Houston, TX and Hattiesburg, MS, Jones carries on the mission of 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/.

WillScot Holdings

Headquartered in Phoenix, Arizona, WillScot is a leading business services provider specializing in innovative flexible mobile office, portable storage and workspace productivity solutions. WillScot services diverse end markets across all sectors of the economy from a network of over 275 branch locations and additional drop lots throughout the U.S., Canada, Mexico and the UK.

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