Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Corporate Services  New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
  • Video Insights
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Modulaire Group extends UK presence with Carter acquisition

Modulaire Group extends UK presence with Carter acquisition

Wed, 20 Jan 2021 | BUSINESS SALE



Modular space leasing business Modulaire Group has announced the acquisition of Norfolk-based Carter Accommodation Group. Carter Accommodation is one of the UK’s leading temporary accommodation hire firms, with a fleet of over 5,000 units, the majority of which have market-leading specifications.

Carter Accommodation’s clients are from a diverse array of UK sectors, including education, construction, agriculture, energy, infrastructure and leisure. Its range includes high-spec temporary buildings for use as containers, eco units, classrooms, wards, labs, offices or other uses.

According to a press release announcing the deal, the company generated turnover of £20 million in 2020. In its most recent available financial reports, for the year ended March 31 2019, Carter Accommodation reported turnover of £18.1 million, with operating profit of £6.9 million and a loss for the year of £259,542.

Following the acquisition, Carter Accommodation’s management team will remain in place and will operate alongside Modulaire Group’s UK business Elliott and the group’s newly-acquired welfare unit business Advanté.

A targeted acquisition strategy is one of Modulaire Group’s core strategic objectives. The group, which operates across 25 countries in the Europe and Asia Pacific regions, has around 250,000 modular space and storage units, as well as 3,400 remote accommodation units.

The acquisition of Carter Accommodation is the group’s first of 2021 and its seventh overall since the beginning of 2020.

Modulaire Group CEO Mark Higson commented: "I am delighted to welcome Carter into the Modulaire Group and look forward to working closely with their experienced and ambitious management team as they continue to grow.”

“Carter's modern and versatile fleet positions the business well for a range of future growth opportunities, particularly given the current favourable market dynamics, and will further strengthen Modulaire Group's offering in the UK."

Carter Accommodation CEO Darren Arnold added: "This is an exciting time for Carter as we look to benefit from strong demand from our existing blue-chip client base, achieve sustainable and higher utilisation levels and increase our operational efficiency initiatives. We look forward to working alongside the Modulaire Group team as we embark on the next phase of our journey."


Find businesses for sale here.

If you are looking for an exit, we can help!


Share this article



Latest Businesses for Sale

Provider of Heating and Plumbing Installations and Services
UK Wide

Long-established and highly accredited provider of a comprehensive range of heating and plumbing installations and services. The company offers a complete range of fires fireplaces and stoves as well as boilers all of which are installed by its quali...

Asking Price: Offers Invited
Turnover: £7,600,000

Welding & Fabrication Company
South West, UK

Provides high-quality welding and fabrication services, alongside pipework, gas outlet and specialist connection installations.

Asking Price: Offers Invited
Turnover: £1,900,000

LEASEHOLD


Provider Of Bulk & General Haulage Solutions
East Midlands, UK

Utilises a fleet of modern lorries and trailers to provide costefficient, reliable haulage services for clients across the UK. Offers highly competitive rates for all of its services, ensuring that all goods are transported safely and arrive in a tim...

Asking Price: Offers Invited
Turnover: £3,100,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
09
 
Mar
 

Foodhub looks to raise £100m for acquisition drive | BUSINESS NEWS

UK-based takeaway delivery app Foodhub is hoping to raise &p...

 
08
 
Mar
 

Greensill Capital files for administration, threatening UK steel firms | ADMINISTRATION

Boutique bank Greensill Capital has filed for administration...

 
08
 
Mar
 

Beattie Communications chief exec takes over company in MBO | MBO/MBI

Creative agency Beattie Communications has been taken over i...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2021. Business Sale Report Ltd. All rights reserved. www.business-sale.com.