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Royal Wolf acquires Price & Speed
Royal Wolf continues to expand its footprint in Australia.
Royal Wolf Australia, a United Rentals Company is excited to announce they’ve recently acquired the container rental, sales and modification division of Price & Speed Containers Pty Ltd.
Founded in 1990, Price & Speed operates five businesses at its Botany site in south-eastern Sydney, including a quarantine facility, container depot operations, permanent cold storage and a container rental, modification and sales business.
An Australian, family-owned business founded by Kevin Malouf, Price & Speed Containers supplies new and second-hand storage containers for storage, work site accommodation, refrigeration, transportable bars, and modular site facilities.
Royal Wolf managing director Neil Littlewood said Price & Speed Containers is a quality business and a natural fit for Royal Wolf. The acquisition complements Royal Wolf’s existing Sydney business and provides substantial synergies.
“We have acquired a hire fleet of around 720 units, with approximately 570 containers currently on hire
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Neil Littlewood RoyalWolf Managing Director to 230 customers,” Littlewood said. “We are delighted to be welcoming so many new customers to the Royal Wolf fold.”
The Price & Speed fleet is relatively young, and the mix of units is similar to Royal Wolf’s offering, with a generous number of refrigeration units.
“We are confident this acquisition offers huge potential to enhance and strengthen our marketleading position in Sydney and New South Wales, and we look forward to the successful completion of the acquisition process,” Littlewood said.
Royal Wolf specialises in the hire, sale, and modification of new and used shipping containers, and is Australasia’s largest shipping container provider with 41 customer service centres throughout Australia and New Zealand.
“In our 26-year history, Royal Wolf has focused on service and innovation. As Australasia’s leading supplier of containerised solutions, we will continue to offer the hire, sale, and innovative design of specialised shipping containers.”
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