Modulaire Group

What Modulaire Group does

Modulaire Group, formerly Algeco Group, is Europe and Asia-Pacific's leading specialist in modular services and infrastructure, headquartered in London and backed by private equity firm TDR Capital. The company designs, manufactures, deploys, and leases relocatable modular space units — including offices, classrooms, accommodation blocks, infrastructure shelters, and portable storage — serving enterprise and government customers across 23 countries. Its operational platform comprises a fleet of more than 319,000 modular units, 5,000+ remote-accommodation rooms, and 52,000+ customers, supported by owned depots and logistics infrastructure in each country of operation. A 'Loops within Loops' circular-economy model governs the full unit lifecycle across design, manufacturing, deployment, refurbishment, and re-deployment, with SBTi-validated decarbonisation targets and 12 EcoVadis medals underwriting its sustainability positioning.

Modulaire generates revenue primarily through long-term and short-term rental of modular units (a recurring subscription-style model), supplemented by direct unit sales, remote workforce accommodation contracts (mining, energy, large infrastructure), and a growing value-added products and services offering branded as VAPS 360 covering furniture, connectivity, equipment, and ancillary services. Pricing is entirely quote-based and negotiated per contract, with multi-year terms typical for enterprise and government buyers. The customer base is diversified across public administration and education (primary segment), construction, energy and natural resources, industry and manufacturing, business services, and infrastructure. Growth has been substantially acquisition-driven since 2019, with at least eight completed acquisitions including Malthus Uniteam, Altempo, NET Modular, Wexus Group, Temporary Space Nordics, Procomm, Balat, and Mobile Mini UK, financed through a combination of senior secured notes and a €140 million Term Loan B. Distribution is exclusively direct, through regional field sales teams aligned to each country's enterprise and government accounts.

Name

Modulaire Group

Legal name

Modulaire Group

Website

https://modulairegroup.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Modulaire Group is Europe and Asia-Pacific's leading modular services specialist, leasing relocatable modular space units, portable storage, and remote-accommodation solutions to enterprise and government customers across 23 countries via direct field sales.

Ownership category

akta.pro rank

Product category

Modular Space Leasing

NAICS

Commercial and Industrial Machinery and Equipment Rental and Leasing (5324), Lessors of Miniwarehouses and Self-Storage Units (53113)

SIC

Services-Miscellaneous Equipment Rental & Leasing (7350), Services-Equipment Rental & Leasing, Nec (7359)

akta.pro primary industry

Site Services & Temporary Infrastructure Rental/Leasing (Portable Toilets, Fencing, Storage Containers) (TLABAFAH)

akta.pro secondary industry

Leasing, Rental & Product-as-a-Service (PaaS) Enablement (EUAIANAI)

Keywords

• Modular space leasing
• Portable storage solutions
• Remote workforce accommodation
• Modular building services
• Value-added products

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices23 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Modular Space Leasing: Core revenue driver — the long-term and short-term rental of modular space units (offices, classrooms, accommodation, infrastructure shelters) to enterprise and government customers. Units are owned by Modulaire Group and placed on customer sites, generating recurring rental income over multi-year contract terms. The model includes ancillary rental income from delivery, installation, and unit management services.
2. Sale of Modular Units: Direct outright sale of modular units to customers who prefer ownership over leasing. This one-time revenue stream complements the leasing model and is available alongside value-added products and services.
3. Value-Added Products and Services (VAPS): Ancillary revenue from add-on products and services tied to the modular unit fleet — including furniture, accessories, steps, ramps, decking, insurance, and other peripheral items bundled with unit rental or sale.
4. Remote Accommodation: Turnkey remote workforce accommodation solutions — providing fully equipped modular living quarters for workers in remote sectors such as mining, energy, and large-scale infrastructure projects. Revenue is generated through rental contracts for both the modular units and associated services.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Modulaire Group designs, manufactures, leases, and sells relocatable modular space units — including site offices, classrooms, accommodation blocks, infrastructure shelters, and portable storage containers — to enterprise and government customers across 23 countries. Core revenue is generated through long-term and short-term rental of modular units, supplemented by outright unit sales, remote workforce accommodation villages for mining and infrastructure projects, and ancillary value-added products and services (furniture, steps, ramps, decking, insurance).

Product overview

Modulaire Group is Europe and Asia Pacific's leading specialist in modular services and infrastructure, operating a platform of modular space leasing with complementary services. The core offering includes modular space units, portable storage units, and remote accommodation solutions. The company offers Value Added Products and Services (VAPS) including equipment, connectivity, and furniture solutions that enhance core modular offerings. The product portfolio spans multiple sub-brands organized by geography: Algeco (Europe/UK), Elliott (UK), Advanté (UK), Altempo (France), Ausco (Australia), NET Modular (Australia), Portacom (New Zealand), BUKO (Netherlands), Malthus Uniteam (Nordics), Wexus (Nordics), Temporary Space Nordics (Nordics), Module Tech (Estonia), and Algeco Chengdong (China). With operations in 23 countries and over 319,000 modular units, the company serves sectors including public administration, construction, energy, natural resources, industry, business services, and infrastructure.

Differentiator

Problem solved

Functional benefit

Brands

• Loops within Loops: Circular economy business model focused on keeping resources in motion, maximizing value while building resilience into the supply chain.
• VAPS 360

Products and services

• Modular Space Units

Named customers4 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• UNESCO World Engineering Day 2026minorGTM or Marketing PartnerModulaire Group is an Official Partner of UNESCO World Engineering Day 2026, an annual international event that celebrates the contributions of engineering to society and promotes awareness of the role of engineering in achieving sustainable development goals. The partnership aligns with Modulaire Group's sustainability narrative and circular economy positioning, providing a platform to showcase its modular building solutions in the context of sustainable infrastructure.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• WillScot Mobile Mini: WillScot Mobile Mini is the largest North American modular space and portable storage provider, formed when WillScot acquired Mobile Mini. It is the closest global analogue to Modulaire Group, with overlapping product lines (mobile offices, modular buildings, portable storage), a recurring lease model, and an enterprise/government customer base. Notably, WillScot was Modulaire's former North American business (Williams Scotsman), so the two share DNA.
• McGrath RentCorp: McGrath RentCorp operates Mobile Modular Management (relocatable modular buildings) and TRS-RenTelco (electronic equipment rental), serving education, construction, commercial, and government customers across the US. Like Modulaire, its core business is leasing modular space on multi-year rental contracts, with a complementary storage container business — making it a directly comparable business model.
• BOXX Modular: BOXX Modular is a Canadian-based modular space and secure storage rental provider serving construction, commercial, industrial, education, and government customers across North America. Comparable to Modulaire for its rental-only model, fleet breadth, and emphasis on rapid deployment of relocatable buildings.
• Portakabin: Portakabin is a UK and European modular building manufacturer and hire specialist offering both sale and rental of portable and modular buildings to public and private sector customers. Comparable to Modulaire Group through overlapping product lines, target customers (education, healthcare, construction, government), and a strong UK/European footprint.
• Atco Structures & Logistics: Atco Structures & Logistics is a Canadian-based modular space, workforce housing, and shelter solutions provider serving remote resource, construction, and government customers worldwide. Comparable to Modulaire for its modular buildings, remote workforce accommodation villages, and rental/leasing business model — particularly the Ausco and Algeco Australia operations.

Broad incumbents

• Sunbelt Rentals (Ashtead Group): Sunbelt Rentals is one of the largest equipment rental companies in North America and the UK, offering a broad portfolio including modular space through its Climate Solutions business. Comparable to Modulaire as a broad incumbent that overlaps in modular space and site services while serving a wider fleet of general construction and industrial equipment.
• United Rentals: United Rentals is the world's largest equipment rental company, with broad exposure across construction, industrial, and site-services rentals. While its core focus is heavy machinery rather than modular buildings, it competes with Modulaire on site-services contracts and offers adjacent solutions like portable storage and temporary infrastructure.

Regional players

• Speedy Hire: Speedy Hire is a UK-listed tool and equipment rental company serving construction, infrastructure, and industrial customers primarily in the UK and Ireland. Comparable to Modulaire for its enterprise-focused direct rental model and overlap on UK site-services contracts, though it is more focused on tools and smaller plant than full modular buildings.
• Target Lodging: Target Lodging is a US-based provider of modular workforce housing and remote accommodation for the oil and gas industry, sold by Modulaire's predecessor (Algeco) in 2019. Directly comparable to Modulaire's Ausco remote accommodation offering in business model and customer base, though operating exclusively in North America.

Others

• Mobile Mini UK: Mobile Mini UK (acquired by Modulaire from WillScot in 2022) is a UK provider of steel storage containers and portable accommodation units with ~42,000 units. It is a now-subsidiary of Modulaire rather than a true peer, but historically functioned as a directly comparable portable storage and modular accommodation specialist in the UK.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries23 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A7 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Modulaire Group