VESTA Modular Acquires Innovative Modular Solutions
January 21, 2021
VESTA Modular completed the acquisition of Innovative Modular Solutions (IMS), adding a strategic branch in Elkhart, Indiana and approximately 600 units to VESTA's rental fleet. IMS Co-Founder Pat Carmody will join VESTA as President of Operations; financing was provided by a syndicate led by Flagstar Bank and VESTA is PE-backed by Kinderhook Industries.
- Buyers
- VESTA Modular
- Targets
- Innovative Modular Solutions
- Platforms
- VESTA Modular
- Industry
- Construction
- Location
- Illinois, United States
- Transaction Type
- Addon
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