Black Diamond Accelerates Modular Space Solutions Growth with Strategic U.S. Acquisition
The acquisition provides Black Diamond with greater scale in the U.S. and strong customer relationships, especially among local school districts through which the Company expects to generate stable recurring revenues and steady growth.
- The acquisition provides Black Diamond with greater scale in the U.S. and strong customer relationships, especially among local school districts through which the Company expects to generate stable recurring revenues and steady growth.
- Vanguards modular classrooms business is especially well-developed, representing over 70% of Vanguards total rental revenue.
- Vanguards modular classrooms have the benefit of being cost-effective and quick to install compared with permanent school buildings.
- Black Diamond expects virtually all of Vanguards team to continue as employees of the Company given the relative lack of overlap between Black Diamonds existing U.S. MSS business and Vanguard.