Chehalis-based Pacific Mobile Structures has acquired Sustainable Modular Management, a fellow family-owned modular building company based in Frisco, Texas.
The announcement came Dec. 30 after Pacific Mobile President and CEO Garth Haakenson and Nick Mackie, president and CEO of Sustainable Modular Management, began discussing the benefits of a combined effort in the very active modular construction markets last year, according to a news release from Pacific Mobile Structures.
As a 15-year-old company, Sustainable Modular Management is managing over 700,000 square feet of leased modular building space spanning across a diverse client base in the federal government, health care, education and energy markets, according to the news release.
“After running a process which consisted of interviewing multiple potential partners, it quickly became clear that Pacific Mobile was the optimal choice,” Mackie said.
As a Pacific Mobile-owned company, Sustainable Modular Management (SMM) will continue to operate in its current form as it looks to expand its government contracting business, according to Pacific Mobile Structures (PMSI).
“Pacific Mobile recognizes the value of the Sustainable Modular team and, as a larger organization, will be able to provide them with additional personal growth opportunities.
This acquisition will grant Sustainable Modular’s existing customer base access to Pacific Mobile’s network of 10 storage and maintenance facilities across the western states, increased capacity and flexibility of leasing and financing options, additional project management resources, and back-office support in HR, marketing, IT, accounting and procurement,” per the news release.
Mackie will remain president of Sustainable Modular and the existing team of over 45 employees will remain on staff, according to the news release.
“Under Mr. Haakenson’s leadership, PMSI has experienced tremendous growth and undeniably established itself as one of the most dominant companies in the modular construction industry. The synergies created between the two entities will increase PMSI’s competitive edge by widening its geographical footprint and providing instant access to new end markets. The management team at SMM is excited to be working alongside PMSI executives to expand upon its already robust sales and leasing model,” said Mackie in a written statement.
“Pacific Mobile Structures is excited for the Sustainable Modular Management team to join our family. I’m looking forward to the many possibilities that lie ahead as a result of this acquisition. We recognize the talent Nick has assembled over the years and I’m excited to say that all SMM employees will be needed to support our growth plans as a combined group,” said Haakenson in a written statement.
BofA Securities is acting as exclusive financial adviser and Hallett & Perrin is acting as legal adviser to Sustainable Modular Management.
Founded in 1983, Pacific Mobile Structures is a family- and locally-owned business with headquarters and a branch office in Chehalis.
Pacific Mobile has branches in seven states: Washington, Oregon, Idaho, California, Idaho, Arizona and Texas.
More information on the company is available at https://pacificmobile.com/.