Stout has advised TriWest Capital Partners (“TriWest”) on its sale of Triple M Housing Ltd. (“Triple M” or the “Company”), a leading North American manufacturer of factory-built modular housing, to ATCO Ltd. (“ATCO”), an Alberta-headquartered global corporation providing integrated energy, housing, transportation, and infrastructure solutions. The transaction closed on December 7, 2022. Stout served as exclusive sell-side financial advisor to TriWest and Triple M in connection with the transaction.

Established in 1981, Triple M is the largest manufacturer of modular residential homes in Western Canada. With more than 300 highly trained production employees and an experienced management team, Triple M constructs residential homes and associated products from its 230,000-square-foot climate-controlled manufacturing facility. The Company has an extensive dealer network in Canada that retails Triple M products to the residential housing market.

“This acquisition boosts ATCO’s status as a global leader and innovator in modular construction, offering our customers a diverse range of modular products from residential to commercial to industrial,” said Adam Beattie, President, ATCO Structures. “Triple M’s ability to deliver affordable, high-quality homes within a short construction timeline is a strategic advantage for us in the current housing market.”

With approximately 6,400 employees and assets of $23 billion, ATCO is a diversified global corporation with investments in the essential services of structures and logistics, utilities, energy, infrastructure, retail energy, transportation, and commercial real estate.

See more information on our Investment Banking services.