Member Article

New CFO Joins Self-Storage Company as Plans for Growth Accelerate

Kangaroo Self-Storage, the company that makes storage simple, has made a senior financial appointment as it accelerates plans for growth as the country starts to come out of lockdown.

With stores across Scotland and North West England, Kangaroo is gearing up for a period of significant business expansion through organic and acquisitive growth as well as development of the Kangaroo brand via Joint Venture partnerships and management contracts.

Bryan Lee, appointed as Chief Financial Officer, joins the Board to lead the storage company’s finance and IT function and will be responsible for the mergers and acquisitions strategy and the raising of funding to finance growth.

Chris Stevens, Kangaroo’s Chief Executive Officer, says; “We’re thrilled to have Bryan on board at this important time. With growing investor interest in our sector because of strong demand for our products and services, the time is right to expand. The UK market is strong and growing despite the pandemic. Occupancy figures have risen which indicates the defensive nature of self-storage and we continue to be well placed to support our customers as they steer their way through the continued uncertainty. “Bryan’s experience and expertise will support us to capitalise upon opportunities for growth as we continue to build our portfolio and develop new services and products to better attract and support our customers.”

Bryan said, “It is an exciting time to be joining such a dynamic sector, and I look forward to supporting the board at Kangaroo to develop and execute the corporate agenda. The pandemic has caused us all to think differently about how we work, and it has created structural change in the real estate sector. With more institutional grade investors looking to fund the development of self-storage, there are many opportunities to bring new concepts to market and to grow the value of the business.”

Bryan is a chartered accountant with almost 25 years of experience in industry and commerce, who has held leadership positions in publicly quoted, private-equity backed and family-owned businesses. His career, during which he has developed a wealth of experience of M&A, has been spent primarily in the food and drink sector with Scottish & Newcastle, Heineken and Genius Foods, with a period in the technology sector with AIM-listed Cupid plc.

Kangaroo Self Storage Ltd operates nine sites across Scotland and North West England and provides se-cure, self-storage units and services to the commercial, domestic and student markets. It trades as Kanga-roo Self Storage in Edinburgh, Glasgow and Dundee and as Smart Storage in Altrincham, Bromborough, Liverpool, Preston, Warrington and Widnes. There are further plans to enhance services across the Group this Spring.

This was posted in Bdaily's Members' News section by Kate Martin .