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Announced

Completed

Modulaire Group completed the acquisition of Carter from Connection Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

Friendly

Single Bidder

accommodation services

Acquisition

Real Estate Holding and Development

Completed

Majority

Private

Domestic

Synopsis

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Modulaire Group, a business services company specialising in modular space, completed the acquisition of Carter, a provider of temporary accommodation services, from Connection Capital. Financial terms were not disclosed. "I am delighted to welcome Carter into the Modulaire Group and look forward to working closely with their experienced and ambitious management team as they continue to grow. Carter's modern and versatile fleet positions the business well for a range of future growth opportunities, particularly given the current favourable market dynamics, and will further strengthen Modulaire Group's offering in the UK," Mark Higson, Modulaire Group CEO.

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