Modular building firm Algeco and construction storage company Mobile Mini UK have merged into Algeco Storage.
It follows Mobile Mini’s acquisition by Algeco last year, including its 16 UK locations and more than 42,000 units.
The new brand also announced the proposed closure of the Algeco Peterborough office as part of the restructure, with a single support centre in Stockton-on-Tees.
A new leadership team has been formed to steer the combined businesses, best serve its customers and achieve “world-class” safety and performance.
The Advanté and Algeco Offsite Solutions businesses are not part of the process.
Algeco and parent company Modulaire Group employ more than 4,400 people across 22 countries.
Both are owned by Canadian multinational investment management company Brookfield Corporation.
It is expected all changes will be completed by Q2 2024.
“We are executing a transformational change to position Algeco for long-term growth,” said Keith Dorling, UK managing director. “As part of this effort, the leadership team is evaluating a range of options for our combined businesses. Algeco in the UK is well-placed for long-term growth, and we are assessing how the combined businesses can unlock value for customers.”
Dorling added: “Bringing together several successful organisations has presented the need and opportunity to really identify what structure we believe will enable Algeco and our people to thrive. We have undertaken an extensive analysis of our organisations over the last few months to better understand how we can leverage our customer proposition.”
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