Storage container and portable accommodation specialist Mobile Mini has been sold in a £335m deal to a modular buildings specialist.
It follows a decision by Mobile Mini UK's US parent WillScot Mobile Mini Holdings to concentrate its efforts on its native North American market. Buyer Modulaire Group, which provides a range of services and infrastructure, says the move will strengthen its UK presence, bringing on board the Stockton-based firm's 16 branches and 375 staff.
The acquisition is subject to UK regulatory approval and the proceeds will fund US group's operations. The deal is expected to complete in early 2023.
