Latest news with #StoreWise
Business News Wales
a day ago
- Business
- Business News Wales
Welsh Storage Firm Expands with Site Acquisition
Pink Storage, the self storage company founded by Cardiff entrepreneur Scott Evans, has invested £1.5 million as part of its acquisition of StoreWise, a 102-unit facility in Nottingham. Pink, which now operates 16 sites across Wales, is rapidly expanding into major cities in England as part of its mission to become the UK's fastest-growing independent self storage provider. So far in 2025, the company has grown by 22 per cent, adding new locations in Stoke-on-Trent, Manchester, Birmingham, and now Nottingham, with more sites already in the pipeline. The deal saw Pink Storage acquire StoreWise for £1.1 million, with an additional £370,000 being invested to upgrade the 1.3-acre site, add 150 new storage units, and bring the facility in line with Pink Storage's cutting-edge, technology-led standards. Scott Evans, Founder and CEO of Pink Storage, said: 'Acquiring StoreWise is a proud milestone for us. What began as a small Welsh brand is now setting the standard for innovation in self storage. Our forward-thinking, tech-led model is not only reaching a wider market but is actively reshaping – and shaking up – the industry across the UK.' The former StoreWise facility is undergoing a full rebrand with Pink's distinctive identity and will remain fully operational throughout the upgrade. Pink Storage is also retaining the site's long-serving manager, who brings over a decade of local industry expertise, and ensuring a smooth transition for the 100+ existing customers to its digital platform. Scott said: 'Our goal is to end 2025 with a significantly expanded network of strategically located sites across the UK. We're actively seeking further acquisition opportunities and would welcome conversations with anyone considering selling their self storage business.'
South Wales Argus
2 days ago
- Business
- South Wales Argus
Welsh storage company Pink Storage acquires Nottingham site
Pink Storage, founded by Scott Evans, bought the 102-unit StoreWise facility as they aim to become the UK's fastest-growing independent storage provider. The deal was made for £1.1 million, with an additional £370,000 invested to upgrade the 1.3-acre site. Founder and CEO Scott Evans said: "Acquiring StoreWise is a proud milestone for us. "What began as a small Welsh brand is now setting the standard for innovation in self-storage." The site will remain fully operational during its rebranding, which includes new surfacing and site improvements, which include ANPR (Automatic Number Plate Recognition) for secure vehicle access, 24/7 CCTV, and fully digital access with secure PIN code entry via online sign-up. The site's long-serving manager, who has over a decade of industry experience, will remain, ensuring a smooth transition for existing customers to its digital platform.
