M&A Deal Summary

Black Diamond Group Acquires Modular Rental

On October 31, 2022, Black Diamond Group acquired business services company Modular Rental for 55M USD

Acquisition Highlights
  • This is Black Diamond Group’s 1st transaction in the Business Services sector.
  • This is Black Diamond Group’s largest (disclosed) transaction.
  • This is Black Diamond Group’s 1st transaction in Canada.
  • This is Black Diamond Group’s 1st transaction in Ontario.

M&A Deal Summary
Date 2022-10-31
Target Modular Rental
Sector Business Services
Buyer(s) Black Diamond Group
Deal Type Add-on Acquisition
Deal Value 55M USD

Target

Modular Rental

Toronto, Ontario, Canada
Modular Rental is a modular building rental company. Modular Rental is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Black Diamond Group

Calgary, Alberta, Canada
Category Company
Founded 2003
Sector Business Services
Employees485
Revenue 394M CAD (2023)
DESCRIPTION

Black Diamond Group is a specialty rentals and industrial services Company with two operating business units - Modular Space Solutions (MSS) and Workforce Solutions (WFS). Black Diamond Group was incorporated in 2003 and is based in Calgary, Alberta.

DEAL STATS #
Overall 2 of 2
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-30 BOXX Modular

Exton, Pennsylvania, United States

BOXX Modular is a designer and lessor of relocatable classrooms and other commercial modular building systems. BOXX Modular was founded in 1998 and is based in Exton, Pennsylvania.

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