Isotank Services has completed the acquisition of PM Rees & Sons and Atlantic Tank Clean Barry from Peter Rees.
PM Rees is a ISO tank services and trucking business based in Wales, UK.
“We are tremendously excited about the acquisition of PM Rees, which helps continue to build out our international footprint with a strong position in the strategically important chemical manufacturing hub in southern Wales,” said Joe Troy, chairman and & CEO of Boasso Global, which owns Isotank.
“More importantly, we are fortunate that Peter Rees has agreed to stay on with us in a leadership role, providing Boasso Global with his enormous depth of knowledge of the tank container services and transportation space, and his unparalleled customer relationships.”
PM Rees offers ISO tank container cleaning, repair, storage and other depot related services, and has 39 drivers providing Isotank transportation in Wales and other UK markets.
Peter Rees will work directly with Colin Garnett, Boasso’s SVP – European Operations, to help grow the company, share best practices and expand capacity.
“I am excited to join the Boasso Global family,” said Peter Rees. “I have known Colin for many years and I look forward to working with him to grow our collective UK business and find ways to enhance services to our customers.”
Boasso Global was advised by Archers Law LLP as legal counsel and Smailes Goldie Group as financial advisor. Financial and legal terms of the transaction were not disclosed.