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Announced

Completed

Marshall Fleet Solutions completed the acquisition of Peter Staines Refrigeration.

Synopsis

Marshall Fleet Solutions, a provider of fleet management and transportation services, completed the acquisition of Peter Staines Refrigeration, a specialist in electric transport refrigeration equipment. Financial terms were not disclosed. “We are very pleased to add Peter Staines Refrigeration and Michael Ward to Marshall’s portfolio of businesses, particularly given the sustainable nature of the FRIGOBLOCK electric transport refrigeration product range. Both businesses will continue to run as stand-alone operations under their existing leadership teams and we have no intention of making any immediate changes. We will be taking time over the coming months to properly understand both of the businesses, getting to know their people better and learning from the things they do well. Our absolute priority is to ensure that colleagues at both PSR and MWL are able to focus on delivering their usual levels of outstanding service and value to their customers,” Mark Howell, Marshall Fleet Solutions Managing Director.

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