M&A Deal Summary

Algeco Scotsman Acquires Target Lodging Management

On February 15, 2013, Algeco Scotsman acquired leisure company Target Lodging Management for 625M USD

Acquisition Highlights
  • This is Algeco Scotsman’s 1st transaction in the Leisure sector.
  • This is Algeco Scotsman’s largest (disclosed) transaction.
  • This is Algeco Scotsman’s 1st transaction in the United States.
  • This is Algeco Scotsman’s 1st transaction in Texas.
Investment Fate
  • Target Lodging Management was divested to a consortium of strategic buyers in 2018 for 820M USD.

M&A Deal Summary
Date 2013-02-15
Target Target Lodging Management
Sector Leisure
Buyer(s) Algeco Scotsman
Deal Type Add-on Acquisition
Deal Value 625M USD
Advisor(s) Simmons & Company (Financial)

Target

Target Lodging Management

The Woodlands, Texas, United States
Target Lodging Management LLC is a provider of turnkey workforce housing solutions in North America, operating 21 properties in the United States and Canada. The company supports the oil, gas and mining industries with workforce housing, mobile crew camps, and extended-stay hotels. Target Lodging was formed in 1978 and is based in The Woodlands, Texas.

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Buyer(S) 1

Buyer

Algeco Scotsman

Baltimore, Maryland, United States
Category Company
Founded 2007
Sector Business Services
DESCRIPTION

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 1 of 7
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 1 of 7
State (Texas) 1 of 2
Country (United States) 1 of 2
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-15 Iron Horse Ranch

Yorktown, Texas, United States

Iron Horse Ranch is a provider of workforce housing for the Oil, Gas and Construction industries. Iron Horse Ranch specializes in turn-key remote camp installation, operation, project management and land acquisition. Iron Horse Ranch has one of the highest standards in workforce and temporary housing, winning awards for Service, Quality and Operational Excellence.

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