SCF Group on the block after company restructure
Control of national transport and shipping container rm SCF Group is open to bidders.
The move comes ve months after UK private equity company Intermediate Capital Group (ICG) brought in receivers McGrathNicol for holding company Popeye Holdco, and ve years after ICG bought into the business, taking over Archer Capital’s 60 per cent stake.
Shares in Adelaide-head quartered national rm SCF reside with by Popeye Bidco.
It is owned by Popeye Holdco for which McGrathNicol is now seeking expressions of interest. SCF says it manages 13,000 new and used containers for sale and hire as well as design, with depots in Adelaide, Brisbane, Darwin, Melbourne, Karratha, Perth and Sydney.
Servicing major transport and logistics companies and those in other industries, its product range includes tanks, containers for site storage, accommodation and intermodal equipment which includes refrigeration, side doors, pallet wide and high cube containers.
Comment has been sought from McGrathNicol.