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    History

     

    • 1952

      Mills was formed in 1952 by the Nacht family, as a scaffold and shoring company which provided services to the civil construction sector. Mr. Andres Cristian Nacht was a member of our management team from 1969 to 1998, being president director from 1978 till 1998. In 1998, Mr. Andres Cristian Nacht became Chairman of the Board of Directors of Mills, position that occupies till this day.

    • Decade of 70/80

      In the 70’s and 80’s, we had substantial growth due to the significant civil construction and industrial sectors expansion in Brazil. Among our activities from this period we can highlight the construction of the Rio-Niteroi Bridge (1971), the Itaipu Hydroelectric Plant (1979) and the first Brazilian oil drilling platform (1983).

      During this period we made important partnerships with international companies that cooperated with Mills’ development. From 1974 to 1986, GKN plc, a large British conglomerate, was our shareholder, strengthening the beginning of good governance and credibility. In 1980, we signed a partnership with the Canadian company Aluma Systems Inc., the Aluma Systems Concrete Forms and Formwork Ltda., which had as main objective the introduction of aluminum forms in the civil construction sector in Brazil which lasted until 2001.

    • Decade of 90

      In the 90’s, while seeking to expand our portfolio of services, we made new strategic partnerships. In 1996, we entered into a licensing contract with the German company NOE-Schaltechnik Georg Meyer-Keller GmbH, to produce and supply modular steel and aluminum panels formwork to the Brazilian civil construction market. In 1997, we entered into a joint venture partnership with the American company JLG Industries, Inc., to begin activities in the equipment rental sector in Brazil.

    • 2001

      In 2001, the Argentine company Sullair Argentina S.A., replaced JLG Industries, Inc. as our partner in the in the industrial equipment rental venture, and subsequently acquired our stake in 2003.

    • 2007

      In 2007, the private equity funds, Peninsula FIP, managed by IP, and the Natipriv Global L.L.C., managed by the Axxon Group, became our shareholders, acquiring, each one, 10% of Mills for R$ 20 million. The resources from these investments were used, mainly, to acquire equipment.

    • 2008

      In 2008, we returned to our activities in the rental segment in an organic way, with the establishment of our Rental Division, and suspended the operations of our Events Division, which was responsible for providing temporary structures, such as outdoor stages and grandstands for the sports and entertainment segment, as an objective to focus on the segments where we have competitive advantages. Also in 2008, we acquired Jahu Indústria e Comércio Ltda., which became our Jahu Division, focused on providing engineering services to the residential and commercial civil construction industry, complementing our activities in the Heavy Construction segment.

    • 2010

      Mills’ IPO was on April 2010, with a transaction totaling R$ 685 million, of which R$ 411 million related to the primary offering that, consequently, were used to enable its growth plan. Shortly after the offer, Mills’ free float was of 48%.

      In October 2010, after the expiration from the lock-up period, the private equity funds sold the joint participation of 6.2% of Mills’ capital, increasing its free float to 57.2%.

    • 2011

      In January 2010, the Company entered into a purchase and sales agreement to acquire 25% of the voting and total capital stock of Rohr S/A Estrutura Tubulares (Rohr), a privately held company specialized in access engineering and solutions for civil construction, for R$ 90 million. This strategic acquisition enabled the Company to broaden its exposure to the sectors it serves, especially in the areas of infrastructure and the oil and natural gas industry.

      In May 2011, the Company entered into a purchase and sales agreement to acquire 100% of the voting and total capital stock of GP Sul, one of the largest players in the suspended scaffold rental market to residential and commercial construction in the state of Rio Grande do Sul, for R$ 5.5 million. This strategic acquisition enabled the Company to become the leader in the suspended scaffold rental market in the state of Rio Grande do Sul and broaden its exposure to the residential and commercial construction market in the South region, in line with the geographic expansion plan of the Real Estate business unit.

    • 2013

      On July 10, 2013, the Company entered into a sale agreement of its Industrial Services business unit to FIP Leblon Equities Partners V, a fund managed by Leblon Equities Gestão de Recursos Ltda., through the sale of its stake in the company Albuquerque Participações Ltda. The sale price set on May 31, 2013, trading date base, was R$ 102.0 million. The transaction was completed on November 30, 2013, and the price was updated.

      This sale was made in line with the Company's strategy to focus on businesses where their skills are able to generate greater value for its shareholders and customers. Therefore, the Company ceased to operate in the Industrial Services sector where they were offered access services, industrial painting, surface treatment and thermal insulation, both during construction and in the maintenance phase of large industrial plants.

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