M&A Deal Summary |
|
|---|---|
| Date | 2018-11-13 |
| Target | Target Lodging Management |
| Sector | Leisure |
| Buyer(s) | Target Hospitality |
| Sellers(s) | Algeco Scotsman |
| Deal Type | Divestiture |
| Deal Value | 820M USD |
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| Category | Company |
|---|---|
| Founded | 1978 |
| Sector | Business Services |
| Employees | 984 |
| Revenue | 564M USD (2023) |
Target Hospitality is the largest provider of vertically integrated specialty rental accommodations and value-added hospitality services in the United States. Target Hospitality builds, owns and operates customized housing communities for a range of end users, and offers a full suite of cost-effective hospitality solutions including culinary, catering, concierge, laundry and security services as well as recreational facilities. Target Hospitality primarily serves the energy and government sectors and its growing network of communities is designed to maximize workforce productivity and satisfaction. Target Hospitality was founded in 1978 and is based in The Woodlands, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 4 |
| Sector (Leisure) | 2 of 2 |
| Type (Divestiture) | 2 of 4 |
| State (Texas) | 2 of 3 |
| Country (United States) | 2 of 3 |
| Year (2018) | 2 of 2 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-13 |
RL Signor Holdings
Austin, Texas, United States RL Signor Holdings LLC was focused on serving oil and gas customers throughout the Permian and Eagle Ford Basins by providing lodging accommodations. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-06-19 |
Superior Lodging - Three Communities
Calgary, Alberta, Canada Superior Lodging Corp. - Three Communities are located in the Delaware Basin – a high-growth area within the Permian Basin. Two of the three communities are located in Orla, Texas and add 395 rooms to the Company’s Permian Basin lodging network. Target Hospitality has managed these communities since mid-2018, providing it with an intimate understanding of each property’s operations. The third community has 180 rooms and is located in Kermit, Texas. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 2007 |
| Sector | Business Services |
Algeco Scotsman is a provider of global business services provider focused on modular space and secure portable storage solutions. Operating as Williams Scotsman in North America, Algeco in Continental Europe, Elliott in the United Kingdom, Eurobras in Brazil, Ausco in Australia, and Portacom in New Zealand, Algeco Scotsman manages a fleet of more than 310,000 units, with operations in 37 countries.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Leisure) | 2 of 2 |
| Type (Divestiture) | 2 of 2 |
| State (Texas) | 2 of 2 |
| Country (United States) | 2 of 2 |
| Year (2018) | 2 of 2 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-13 |
RL Signor Holdings
Austin, Texas, United States RL Signor Holdings LLC was focused on serving oil and gas customers throughout the Permian and Eagle Ford Basins by providing lodging accommodations. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-31 |
BUKO BV
Beverwijk, Netherlands BUKO BV provides services, facilities, and equipment for permanent, temporary and emergency situations. The company is an independent service provider for construction, industry, offshore, education, government, healthcare institutions, and the events sector; and specializes in, among other things, construction site design, temporary and semi-permanent housing, traffic facilities, sanitation, and transport. BUKO was formed in 1962 and is based in Beverwijk, Netherlands. |
Buy | - |
