Sunbelt Modular's Exciting Growth: Acquisition of BRITCO Structures
Sunbelt Modular Expands with BRITCO Structures Acquisition
Sunbelt Modular Inc., a renowned leader in the modular building sector, has taken a significant step forward by acquiring BRITCO Structures, USA. As a premier producer of high-quality and sustainable modular building solutions, this acquisition is poised to enhance Sunbelt's capabilities and market offerings.
Overview of BRITCO Structures, USA
Founded by Brent Morgan in 2011, BRITCO is dedicated to manufacturing commercial modular structures. With a focus on executing complex projects, the company has established a strong presence primarily in the central and western parts of the country. The workforce at BRITCO is not only highly skilled but is also deeply committed to safety, quality, and a collaborative team environment ensuring timely project completions.
The Vision Behind the Acquisition
Ron Procunier, the Chief Executive Officer of Sunbelt Modular, has expressed enthusiasm regarding this new addition to their portfolio. He stated that BRITCO’s strong reputation in the modular industry aligns seamlessly with Sunbelt’s strategic goal of providing superior custom-building solutions. This acquisition is a testament to both companies’ commitments to quality and customer satisfaction.
Expanding Capabilities and Services
The Texas-based facility of BRITCO Structures has been pivotal in producing a range of modular buildings. Their portfolio includes government, educational, and healthcare facilities, along with temporary and permanent housing solutions. This strategic acquisition allows Sunbelt to further expand its service offerings, providing clients with more varied and comprehensive modular solutions.
Sunbelt's Position in the Market
With over three decades of experience, Sunbelt has laid a strong foundation in designing and manufacturing modular solutions. The inclusion of BRITCO not only strengthens this foundation but also underscores the company’s growth ambitions as it aims to dominate the national platform in the modular building industry.
Littlejohn & Co. and Its Role
Sunbelt Modular operates under the ownership of Littlejohn & Co., LLC, an investment firm recognized for its focus on middle-market industrial and services companies. The acquisition of BRITCO Structures marks Sunbelt's eleventh acquisition since its inception, illustrating its commitment to growth and innovation in the modular construction sphere.
About Littlejohn & Co., LLC
Littlejohn & Co. is an investment firm based in Greenwich, Connecticut. Known for its expertise in private equity and debt investments, the company plays a vital role in supporting the growth of middle-market firms. With nearly $8 billion in assets under management, Littlejohn aims to foster sustainable success while emphasizing operational excellence.
Frequently Asked Questions
What does the acquisition of BRITCO Structures mean for Sunbelt Modular?
The acquisition allows Sunbelt to enhance its service offerings and expand its presence in the modular building market.
What types of projects does BRITCO Structures specialize in?
BRITCO specializes in manufacturing commercial modular structures for government, healthcare, education, and housing sectors.
Who founded BRITCO Structures?
BRITCO Structures was founded by Brent Morgan in 2011.
How does this acquisition align with Sunbelt's growth strategy?
This acquisition is part of Sunbelt's strategy to build a robust national platform, enhancing their custom-building solutions capability.
What is the background of Littlejohn & Co., LLC?
Littlejohn & Co. is a private investment firm with significant experience in supporting mid-market companies across various industries.
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