Press Releases

WillScot and McGrath RentCorp Mutually Agree to Terminate Previously Announced Combination WillScot Holdings Corporation (“WillScot” or the “Company”), a leader in innovative temporary flexible space solutions, today announced that it has entered into an agreement with McGrath RentCorp (“McGrath”) to terminate the companies’ previously announced merger, pursuant to the terms of the January 28, 2024…

Colorado OEDIT Announces $24 Million in Proposition 123 Funding for Modular and Innovative Housing Projects Today, the Colorado Office of Economic Development and International Trade (OEDIT) announced that $24 million from the Proposition 123 Affordable Housing Financing Fund will prioritize funding housing projects that utilize products from Colorado-based, off-site housing manufacturers. In June, the State…

ATCO Structures Completes Acquisition of NRB Modular Solutions ATCO Structures & Logistics Ltd. (ATCO Structures) has successfully closed the previously announced acquisition of NRB Limited (NRB), a leading Canadian manufacturer of modular industrial, educational and residential buildings, from Dexterra Group Inc. The purchase, completed for $40 million in cash, was subject to normal closing adjustments and conditions, including final authorization…

Axis Construction Celebrates Opening of Modular Expansion of Emergency Department at Catholic Health’s St. Charles Hospital Axis Construction Corporation, an award-winning leader in conventional and off-site modular commercial construction for the Northeast, joined the ceremonial ribbon cutting for Catholic Health’s St. Charles Hospital’s $10 million Emergency Department (ED) modular expansion, with Ralph Lambert, President & CEO…

Quartz Properties Named 380th Fastest-Growing Private Company by Inc. 5000, Leading Innovation in Modular Building and Development Recognized for rapid growth and innovative modular development practices, Quartz Properties creates a blueprint for scalable modular development with their vertically integrated approach. Quartz Properties Management (Quartz), a modular-centric residential construction and development platform, has earned the 380th…

EIR Healthcare Launches IoT-Driven Mixed-Use Modular Office Building at 58 Grattan in Bushwick, Brooklyn EIR Healthcare, an industrialized construction consultancy specialized in highly engineered and patented modular construction solutions for the healthcare ecosystem, announces the groundbreaking of a new commercial property designed and built through modular construction techniques in Brooklyn, NY. The project is being built in…

Chuck Tyler Named Director of Operations and Business Development at Phoenix Modular Elevator Chuck Tyler, a vertical-transportation (VT) industry veteran with a career spanning more than 35 years, has been named director of operations and business development at Phoenix Modular Elevator, Inc. (PME), headquartered in Mount Vernon, Illinois. Prior to joining Phoenix, Tyler was director…

Vederra Modular and Habitat for Humanity to Build Affordable Housing in CO Habitat for Humanity Roaring Fork Valley is pleased to announce their first-ever modular housing project, The Confluence, in Glenwood Springs. In partnership with Vederra Modular factory, based in Aurora, CO, this project will provide affordable, sustainable, and high-quality housing solutions for families in…

LMC Officially Launches Modular Division Following MHBG Integration LMC, the leading Forest Products and Building Materials Buying Group in the US, is pleased to announce the official closing of its deal to integrate the Manufactured Housing Buyers Group (MHBG). This closing marks the official launch of LMC’s new Modular Division, a significant step in enhancing…

U.S. Federal Government’s Largest Civilian Real Estate Provider Requires ICC/MBI Off-Site Construction Standards in Design Requirements Update The General Services Administration (GSA) Facility Standards (P100) also reestablishes the International Codes®, including the International Plumbing Code®, as the building codes for federal construction The U.S. General Services Administration (GSA) has finalized the 2024 edition of the…