Add-on Acquisition • Real Estate

Modulaire Group Acquires Balat

On November 19, 2021, Modulaire Group acquired real estate company Balat

Acquisition Context
  • This is Modulaire Group’s 4th transaction in the Real Estate sector.
  • This is Modulaire Group’s 1st transaction in Spain.

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M&A Deal Summary

Date November 19, 2021
Target Balat
Sector Real Estate
Buyer(s) Modulaire Group
Deal Type Add-on Acquisition

Target Company

Balat

Pamplona, Spain
Balat engages in the Spanish market for the rent and sale of modular buildings, with a strong presence in the construction sector. It operates over 15,000 units from 15 sites in Spain and Portugal, including in Madrid, Barcelona, Bilbao, Coruna, Malaga, Seville, and Valencia. Balat was founded in 1971 and is based in Pamplona, Spain.
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Buyer Overview 1

Buyer

Modulaire Group

London, United Kingdom

Category Company
Sector Real Estate
DESCRIPTION

Modulaire Group creates smart spaces for people to live, work, and learn. Modulaire Group has operations in 25 countries with approximately 250,000 modular space and portable storage units and 3,400 remote accommodations rooms. Modulaire Group operates as Algeco in Europe and Scandinavia, Elliott 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. Modulaire Group is based in London, United Kingdom.


Deal Context for Buyer #
Overall 9 of 10
Sector: Real Estate 4 of 5
Type: Add-on Acquisition 9 of 9
Country: Spain 1 of 1
Year: 2021 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-30 Fae Tecnifor

San Gemini, Italy

Fae Tecnifor is a provider of modular building leasing solutions in Italy. Fae Tecnifor operates a fleet of over 12,000 modular units primarily for clients within construction and public administration. Fae Tecnifor is based in San Gemini, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-13 Mobile Mini

Stockton-on-Tees, United Kingdom

Mobile Mini provides portable storage and accommodation services with a national network of 15 sites with over 40,000 portable units which provide site accommodation and secure storage solutions to approximately 17,300 customers including construction companies, retailers, manufacturers, hospitals, schools, utility companies, distributors, local and national government, hotels, restaurants, entertainment, and shopping complexes and individual households to name but a few. Mobile Mini was formed in 1983 and is based in Stockton-on-Tees, United Kingdom.

Buy -

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