New management team takes RFB to new heights following acquisition
FORESIGHT Group identified serious growth potential in the Hamilton-based shipping container hire company, RFB, leading to a £2.35M investment just two years ago.
Since their acquisition, the new management team has successfully restructured all areas of the business and increased RFB’s market share substantially. Specifically, RFB has invested significantly in their digital presence to increase customer acquisition and deliver even better customer experiences.
The company is now enjoying consistent growth, positioning RFB for a bright future, and feeding Hamilton’s local economy through job creation.
Managing director, Angus Barraclough, who has over 20 years experience in the equipment and plant hire sector, has led RFB into a new phase of growth.
To support their expansion, RFB has onboarded several new recruits, invested in a new facilities, and expanded their Container Self Storage service.
Revenue is up 28% since the Management Buy In (MBI) two years ago, and EBITDA is up 55%.
Fleet size has also increased by 25%, with a new CRM system in place to connect increasing demand and supply.
RFB has also invested over £100k into infrastructure to improve operations and customer experiences, whilst directing equal attention to improving health and safety standards, resulting in zero incidents since the takeover.
Part of the new investment is a new drive in self storage container park, based at their headquarters in Hamilton.
RFB’s management team is led by Managing Director Angus Barraclough, former Group Commercial Director at Brandon Hire, a seasoned executive and highly experienced in working with private equity-backed businesses, finance Director Emma Fisher, who’s experienced working with private equity-backed hire businesses, and Chairman Ken Lewandowski a well-known and successful Scottish businessman.
