First Modular in East Yorkshire acquires NetZero Buildings
East Yorkshire-based NetZero Buildings and Premier Modular are both part of Cabot Square’s private equity portfolio.
NetZero Buildings specializes in the design, manufacture and delivery of energy efficient school buildings. The off-site manufacturer and leasing specialist currently has a number of flagship low-carbon education programs underway following its success on the Department of Education’s multibillion-pound MMC1 framework. These include a £ 10.7million, 140-seat program for the new free school Treetops in Essex.
Premier is on track to increase its turnover from £ 65million in 2020 to over £ 100million this year.
David Harris, Managing Director of Premier Modular, said: “We see fantastic synergies and potential for collaboration between our two companies. Premier offers new marketing avenues for NetZero Buildings and the ability to deliver its innovative building solutions to new customer segments, in addition to its strong presence in the education sector.
“The NetZero team brings considerable expertise in sustainable building solutions which will strengthen our strategy for Premier to become a market leader in delivering low carbon buildings to the benefit of our customers and the communities in which we live and let’s work. “
Mr. Harris added, “The acquisition will further strengthen our position in the education sector and expand our line of offsite building systems to give us even more design flexibility and the possibility of hybrid building solutions to meet to customer requirements.
Premier Modular was established in 1956 and is based in East Yorkshire where it has five factories on a 22 acre site.
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