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Article Image - WillScot Mobile Mini Holdings Announces Agreement to Divest UK Storage Segment
Posted 3rd January 2023

WillScot Mobile Mini Holdings Announces Agreement to Divest UK Storage Segment

Container hire specialist Mobile Mini UK has announced that Modulaire Group, the parent company of Algeco, Europe’s leading modular solutions brand, is acquiring Mobile Mini UK Holdings Limited (Mobile Mini UK) from Mobile Mini, Inc.

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WillScot Mobile Mini Holdings Announces Agreement to Divest UK Storage Segment
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Container hire specialist Mobile Mini UK has announced that Modulaire Group, the parent company of Algeco, Europe’s leading modular solutions brand, is acquiring Mobile Mini UK Holdings Limited (Mobile Mini UK) from Mobile Mini, Inc.

With a national network of 16 locations in the UK, Mobile Mini UK is one of the leading suppliers of steel storage units and anti-vandal portable offices and toilets. It operates a fleet of over 42,000 units for customers across sectors including construction, retail, manufacturing, healthcare, and education. The product offering is homogenous with the existing Algeco range. Together Algeco and Mobile Mini UK will create the UK’s largest accommodation hire fleet with 82,000 units.

The two organisations are closely aligned in their values too. They have shared commitments to market leading health and safety standards, as well as equality, diversion and inclusivity. Ethics play an important role in the way both do business, so customers and stakeholders can trust Algeco and Mobile Mini UK to do the right thing at all times.

Expansion in container solutions, which have seen strong growth in the last two years despite market conditions, will add strength to the Algeco organisation and continue to broaden and improve services to customers, who demand quality available accommodation, delivered quickly.

This acquisition further demonstrates the Algeco commitment to its strategy of building a sustainable future that is focused on its three core pillars of Environment, Social and Governance (ESG), with circularity, adaptability, and leasing at the core.

Tom Bruyea, Managing Director, Mobile Mini UK, said: “Mobile Mini UK has made tremendous progress over the past decade, which all our people should be very proud of. I’m certain that the business will continue to go from strength to strength under Algeco stewardship.”

Mark Higson, Group Chief Executive Officer of Modulaire Group, added: “Mobile Mini is a strong, strategic fit for Algeco and the combination of the two companies will drive significant value for both customers and stakeholders. It will help us further deliver the Algeco Vision to be the market leader in modular and temporary accommodation, operating as a trusted solutions adviser to customers.”

To discover more about Algeco: www.algeco.co.uk

For more information on Mobile Mini UK, visit: www.mobilemini.co.uk

Categories: M&A, News


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