M&A Deal Summary

Algeco Scotsman Acquires Malthus Uniteam AS

On December 23, 2019, Algeco Scotsman acquired building materials company Malthus Uniteam AS from Reiten & Co

Acquisition Highlights
  • This is Algeco Scotsman’s 1st transaction in the Building Materials sector.
  • This is Algeco Scotsman’s 1st transaction in Norway.

M&A Deal Summary
Date 2019-12-23
Target Malthus Uniteam AS
Sector Building Materials
Buyer(s) Algeco Scotsman
Sellers(s) Reiten & Co
Deal Type Add-on Acquisition

Target

Malthus Uniteam AS

Sandnes, Norway
Malthus Uniteam AS is a rental supplier of temporary building solutions to the civil engineering market and the public sector. Having provided camps for large projects in Norway, UK, and Canada, Malthus is recognized as a leader within the design, development, and operation of large construction camps. Apart from large camps, Malthus also supplies smaller portable buildings to the public sector, such as kindergartens, schools, and homes for the elderly. Malthus was formed in 1966 and is based in Sandiness, Norway.

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Buyer(S) 1

Buyer

Algeco Scotsman

Baltimore, Maryland, United States
Category Company
Founded 2007
Sector Business Services
DESCRIPTION

Algeco Scotsman is a provider of global business services provider focused on modular space and secure portable storage solutions. Operating as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, and Portacom in New Zealand, Algeco Scotsman manages a fleet of more than 310,000 units, with operations in 37 countries.

DEAL STATS #
Overall 6 of 7
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 6 of 7
Country (Norway) 1 of 1
Year (2019) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-04 Alquibalat S.L.

Trav Pamplona, Spain

Alquibalat S.L. is a provider of rent and sale of modular buildings in the construction sector. It operates 14,000 units from 15 sites in Spain and Portugal, including in Madrid, Barcelona, Bilbao, Coruna, Malaga, Seville, and Valencia, cities. Alquibalat was founded in 2000 and is based in Trav Pamplona, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-07 Net Modular Pty

Rutherford, Australia

Net Modular Pty Ltd. specializes in the manufacturing and servicing of premium modular buildings for schools, has held contracts with the New South Wales (NSW) Department of education and public works. Net Modular was founded in 1983 and is based in Rutherford, Australia.

Buy -

Seller(S) 1

SELLER

Reiten & Co

Oslo, Norway

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 450M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Reiten & Co is a Norwegian private equity firm that targets control investments in middle-market Scandinavian companies. Reiten looks for businesses with strong management, solid cashflow, and operating in a growing industry. The Firm's target investment size is €10 to €40 million per transaction. Reiten was formed in 1992 and began investing in 1996. The Firm is based in Oslo.

DEAL STATS #
Overall 18 of 21
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 10 of 10
Country (Norway) 15 of 17
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-04 Observe Medical

Oslo, Norway

Observe Medical is a developer and marketer of innovative hospital products that contribute to increased patient safety and a more efficient care system. Observe Medical's initial product was Sippi, the only automated digital urine meter with wireless data transfer to the hospital patient data management systems, and also prevents bacterial migration that can lead to urinary infections (Sippcoat). Observe Medical was founded in 2009 and is based in Oslo, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-08 Tivian

Cologne, Germany

Tivian is an employee-centric end-to-end HR platform that allows companies to bring personalized communications and experiences to their workforce. Through advanced analytics and cutting-edge AI technology, Tivian helps great organizations harness experience data to gain deeper business insights and deploy customized communications to engage their employees. Tivian is based in Cologne, Germany.

Buy -
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