Modulaire to acquire the UK storage segment of WillScot Mobile Mini for £335m.

Modulaire, a business services company specialising in modular services and infrastructure, agreed to acquire the UK storage segment of WillScot Mobile Mini, a North American company providing modular space and portable storage solutions, for £335m. "Thank you to the Mobile Mini UK team for their dedication to WillScot Mobile Mini Holdings. This transaction and the previously completed divestiture of the tank & pump segment will complete the transition of our portfolio into a pure play provider of modular space and storage solutions in North America, where our industry-leading platform enjoys unparalleled scale benefits and allows us to deliver greater value to our customers and shareholders. Upon close, our capital allocation strategy will remain unchanged, and our leverage will be reduced towards the bottom of our 3.0 to 3.5x target range," Brad Soultz, WillScot Mobile Mini CEO.