Modulaire Group

Leading modular space leasing business

Modulaire Group is a leading modular space leasing business in Europe and Asia Pacific. In Europe, with over 280,000 modular space and storage units, Modulaire has the largest fleet base amongst its competitors.

Modulaire operates as Algeco in Continental Europe, Elliott in the United Kingdom, Ausco in Australia and Portacom in New Zealand.

  • At a glance
  • Status: Partially Realised
  • Exit Type: Financial Buyer
  • Deal Type: Private Sale / Public to Private
  • Sector: Business Services
  • Exit Date: December 2021
  • Initial Investment Date: October 2007
  • Website:


We acquired Algeco in 2004, attracted to the strong return on capital characteristics of the core leasing business and the opportunity to consolidate a fragmented European market. Through a series of acquisitions, we grew Algeco from being the French market leader to the European champion. In 2020 the company was rebranded Modulaire Group.

Since TDR’s investment

  • We repositioned the business away from manufacturing and sales towards a more sustainable and profitable rental model. In parallel, we refocused the company’s sales and marketing efforts, as well as developing new sectors and new applications for modular solutions
  • We grew the business across Europe through acquisition and  developed it organically, in particular through the introduction of value-added products and services
  • In December 2021, after a competitive sale process we sold Modulaire to Brookfield Business Partners
Locations across Europe
Modular space leasing units
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