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Atco acquires Triple M Modular Housing, terms not immediately available

CALGARY — Atco Ltd. says it has acquired Triple M Modular Housing, a manufacturer of factory-built, modular housing based in Lethbridge, Alta. Financial terms of the agreement were not immediately available.
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The Atco logo is seen in this undated handout. THE CANADIAN PRESS/HO *MANDATORY CREDIT*

CALGARY — Atco Ltd. says it has acquired Triple M Modular Housing, a manufacturer of factory-built, modular housing based in Lethbridge, Alta.

Financial terms of the agreement were not immediately available.

The Calgary-based structures and logistics company company says Triple M will operate as a specialized housing division for Atco Structures within sa¹ú¼Ê´«Ã½.

Established in 1981, Triple M has more than 300 production employees and an experienced management team.

The company also has an extensive dealer network in sa¹ú¼Ê´«Ã½.

Atco Structures president Adam Beattie says the acquisition will boost the company's status as a global leader and innovator in modular construction.

This report by The Canadian Press was first published Jan. 4, 2023.

Companies in this story: (TSX:ACO.X, TSX:ACO.Y)

The Canadian Press