Modulaire Group, a London, UK-based modular space leasing business working in Europe and Asia Pacific, completed the acquisition of Procomm Site Services Ltd, a provider of portable modular accommodation in the UK.
The amount of the deal was not disclosed.
Procomm Site Services provides portable modular accommodation in the UK with a broad range of end markets including general construction, public sector and petro-chemical. With four strategically placed depots across the country, its c. 8,000 strong fleet is compatible with Modulaire Group’s existing UK businesses. Procomm has 125 employees and an annual 2020 revenue of c.£19m.
The expert management team will remain with Procomm, which will operate alongside Elliott, Carter and Advanté, Modulaire Group’s other specialist businesses in the UK.
Procomm marks Modulaire Group’s third acquisition in 2021 and the tenth acquisition worldwide since the beginning of 2020.
Led by Mark Higson, Chief Executive Officer, Modulaire Group creates smart spaces for people to live, work and learn. The company has operations in 25 countries with approximately 259,000 modular space and portable storage units and 3,400 remote accommodations rooms. Modulaire operates as Algeco in Europe and Scandinavia, Elliott, Advanté and Carter in the United Kingdom, BUKO Huisvesting, BUKO Bouw & Winkels and BUKO Bouwsystemen in The Netherlands, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China.