M&A Deal Summary

Target Hospitality Acquires Target Lodging Management

On November 13, 2018, Target Hospitality acquired leisure company Target Lodging Management from Algeco Scotsman for 820M USD

Acquisition Highlights
  • This is Target Hospitality’s 2nd transaction in the Leisure sector.
  • This is Target Hospitality’s largest (disclosed) transaction.
  • This is Target Hospitality’s 2nd transaction in the United States.
  • This is Target Hospitality’s 2nd transaction in Texas.

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

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

Target Hospitality

The Woodlands, Texas, United States
Category Company
Founded 1978
Sector Business Services
Employees984
Revenue 564M USD (2023)
DESCRIPTION

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
PREVIOUS DEAL
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 -
FOLLOWING DEAL
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 -

Seller(S) 1

SELLER

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 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
PREVIOUS DEAL
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 -
FOLLOWING DEAL
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 -
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