The concept of equipment leasing in Brazil has a long way of growing:
With different needs, customers have many benefits from leasing equipment.
Why rent instead of buy?
- Right equipment for every work
- Expense and inventory control
- Equipment tracking
- No need for expenses related to equipment maintenance
- Specialized support for each type of customer
- Cost savings
- No need for physical space to store machines and parts (warehouse)
- Reliability and reduced machine downtime
- Specialized operational service
- Risk management
The market leader in Latin America, with over 70 years of experience
Mills is a pioneer and leader in the Brazilian market for aerial work platform rentals and engineering solutions for formwork and shoring in infrastructure projects. It is also a key player in the Yellow Line equipment segment and has expanded its market presence by offering intralogistics assets such as forklifts, pallet trucks, and tow tractors. Mills continuously invests to be the best partner in rental and sales services, with more than 15,000 equipments.
Minimalizing cyclicality risks, Mills has a client base from the most varied sectors of the economy: all individuals and companies that need to rent equipment are potential customers.
* The construction segment includes Formwork and Shoring.
All stages of our operating cycle are maximized
Raise capital: Solid balance sheet with broad access to capital (excellent credit rating and funding conditions in the industry);
Purchase: the scale in the acquisition of equipment is a great competitive advantage that allows for better commercial conditions when negotiating with our suppliers;
Rental: optimization of the utilization rate and return on invested capital, through greater operational efficiency and a diversified customer base, serving different market segments, reducing cyclicality and seeking greater profitability;
Equipment life span: through preventive maintenance, performed every 200 hours of use, our equipment has an extended lifetime.
Sale: equipment is sold on the secondary market, at the ideal time and price for replacement, closing the equipment’s profitability cycle.
Strong track record of financial strength, cash generation and leverage capacity
Mills adopts a strategic and disciplined approach to capital allocation, aiming to maximize return on invested capital (ROIC) and generate sustainable value for its shareholders. The company combines organic and inorganic growth, with a focus on operational efficiency and strengthening its leadership position in the Latin American equipment rental market.
There is room to increase Mills’ performance (organically and inorganically)
With an ever-increasing focus on becoming a One-Stop-shop rental company, we work in efficient capital allocation, successfully expanding our footprint with branches inaugurations and integrating acquired companies.
Organic growth
- A solid financial strategy that provides flexibility for asset acquisition as opportunities arise, driving the expansion and diversification of the business.
- This approach strengthens Mills’ leadership in work-at-height solutions and equipment rental in Brazil, while also enabling entry into new products, sectors, and customer segments across all its business units.
Inorganic growth
- Financial strategy that generates flexibility to obtain assets as opportunities arise, consolidating leadership in the lifting platform sector in Brazil, entering new product lines, segments and clients.
- Synergy gains and know how acquisition.
To learn more, access our institutional presentation.
High level of corporate governance, and fast evolution of ESG issues
Listed in April 2010 on B3, Mills’ stocks are registered for trading on B3 under the ticker “MILS3”, and are admitted to trading on the Novo Mercado, the highest level of differentiated corporate governance practices. Learn more
In 2020, our sustainability journey began, and in 2021, we implemented actions to consolidate the internal ESG culture, with initiatives aimed at alignment and engagement by all employees in the main environmental, economic and social topics. In 2021 we received the Women on Bard (WoB) seal, an initiative that promotes more diverse corporate environments, which prioritize women acting in the Board of Directors.
Continually seeking to promote transparency, in June 2022 we published our first Sustainability Report in line with the guidelines of the Global Reporting Initiative (GRI), referring to the year 2021. We present Mills’ socio-environmental and economic performance, reporting the entire process of construction of materiality until the definition of our six material themes, which were divided between primary (we want to be a reference) and secondary (we want to be aligned with the best market practices), as well as their respective commitments and goals to be achieved by 2025. In addition, we also address our strategies, business models and how we are creating value through forward-looking governance. Our report is available here.
In the second half of 2022, we were certified by Great Place to Work for the second year in a row as one of the best companies to work for, according to a survey carried out with our employees.
Regarding issues related to climate change, we concluded a study that was unprecedented in our sector on the 2021 GHG Inventory with scopes 1, 2 and 3. The material was developed in accordance with the GHG Protocol methodology, covering the detailing of the our direct emissions from own or controlled sources, indirect emissions from purchased energy generation and other indirect emissions. We continue towards Mills’ certification as a company suitable for a B-Corp seal, a global pioneer in the sector.
In addition, we have a team of management specialists in the sector made up of experienced executives, focused on achieving results in our market.
Major shareholders with proven industry experience:
Nacht family
Founder of Mills, for over 60 years in the market.
Sullair Argentina
Leader in the MEWP rental market in Argentina and co-founder of Solaris. For over 50 years on the market.
Southern Cross
One of the pioneers in independent private equity in Latin America with extensive experience in the region.
Mills has been increasingly dedicated to maximizing the return for its shareholders. This ongoing commitment is evidenced by the payment of the highest amount of dividends in the company’s history in 2024, totaling R$ 143.3 million, 98.3% higher than the amount paid out in the previous year, totaling a payout of 50% and a dividend yield of 6.36%. In 4Q24, the Company paid R$ 51.9 million in interest on equity (IoE).
Mills has received awards and recognitions that reflect the Company’s excellence and innovation across various areas:
-Recognized by Great Place to Work as one of the best companies to work for in Brazil, reflecting our commitment to an exemplary work environment;
-Named “Rental Company of the Year” at the 2024 IAPA Awards (International Awards for Powered Access);
-Ranked as the largest access rental company in Latin America in 2024, reaching 22nd place in the “Access 50” ranking by IRN;
-The first equipment rental company in Brazil—and the first in the sector globally—to achieve B Corporation certification;
-Recipient of the “Sustainability Award” at the 2025 IAPA Awards (International Awards for Powered Access); among others.
