Vanguard Modular Building Systems acquired by Black Diamond Group
On November 30th, 2020, Vanguard Modular was acquired by Black Diamond Group, through their U.S. subsidiary doing business as BOXX Modular. BOXX Modular US, headquartered in Dallas-Fort Worth, Texas, currently operates in Texas, Georgia and the surrounding states. The acquisition of Vanguard Modular will expand BOXX Modular’s footprint across the eastern US, and increases our ability to service clients across North America.
For more information on the acquisition, read the full press release.
“By acquiring Vanguard, which has an attractive growth platform, well over half of our revenue will now be attributable to our Modular Space Solutions segment,” said Trevor Haynes, Black Diamond’s Chairman and CEO. “We are currently pivoting more toward Modular Space Solutions because it adds stability and predictability to our outlook. This will allow us to better absorb the energy-industry volatility that affects our other core business segment, Workforce Solutions.”
Peter Eberle, former President and CEO of Vanguard who will run the US business added “This is a very exciting time and opportunity for the combined entities. The larger platform provides scale and efficiencies that will definitely be of great benefit to the market. The deep experience of the US team, coupled with the Black Diamond Group operating expertise will make us competitive on many new fronts in addition to enhancing our core competencies”.
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