ATCO Ltd., an Alberta-headquartered global corporation providing energy, housing, transportation and infrastructure services, has bought Triple M Housing Ltd., a North American manufacturer of factory-built modular housing, from TriWest Capital Partners.
Established in 1981, Triple M is a manufacturer of modular residential homes in western Canada. With more than 300 production employees, Triple M constructs residential homes and associated products from its 230,000-square-foot manufacturing facility. The company has a dealer network in Canada that retails Triple M products to the residential housing market.
“This acquisition boosts ATCO’s status as a global leader and innovator in modular construction, offering our customers a diverse range of modular products from residential to commercial to industrial,” comments Adam Beattie, president, ATCO Structures. “Triple M’s ability to deliver affordable, high-quality homes within a short construction timeline is a strategic advantage for us in the current housing market.”
Stout served as sell-side financial advisor to TriWest and Triple M in connection with the transaction.