WesternOne Finalizes Sale of Modular Space Rental and Manufacturing Division

WesternOne Inc. announced the closing of the previously announced sale of its modular manufacturing assets and liabilities to Triple M Modular Ltd. for $2.5 million, and an additional $2.5 million contingent on earnings from the business sold for the 12-month period following the close of the transaction.
May 7, 2017

WesternOne Inc. announced the closing of the previously announced sale of its modular manufacturing assets and liabilities to Triple M Modular Ltd. for $2.5 million, and an additional $2.5 million contingent on earnings from the business sold for the 12-month period following the close of the transaction.

The acquisition marks the completion of WesternOne’s exit from the modular manufacturing and rental businesses, in addition to the completion of the sales of its modular space rental business and modular manufacturing operations in the United States.

“We are very pleased to have completed the sales process for the Britco business division in a timely manner, allowing us to focus on our WesternOne Infrastructure Services platform business in 2017 and beyond,” said Peter Blake, CEO of WesternOne. “We are now well positioned as we pursue growth opportunities in our construction heat and aerial rental business platform across the construction, infrastructure, film and television industries in Western Canada.”

About the Author

Michael Roth

Editor

Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.

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