Press Releases

hsbcad and Moducore™ Announce New Strategic Collaboration hsbcad and Moducore™ announced today a new strategic collaboration to accelerate innovation in the offsite manufacturing industry. hsbcad is the leading global software solution provider for offsite timber construction. Moducore, a part of the 4Ward Solutions Group of companies, is the premier provider of operating systems for the offsite manufacturing…

Montana Strengthens Building Safety and Resilience by Adopting ICC/MBI Off-Site Construction Standards On September 20, 2024, the state of Montana approved the adoption of the International Code Council’s and Modular Building Institute’s (MBI) Standards 1200 and 1205. The adoption marks Montana’s commitment to the expanded use of off-site construction and the promotion of greater regulatory…

WillScot and McGrath RentCorp Mutually Agree to Terminate Previously Announced Combination WillScot Holdings Corporation (“WillScot” or the “Company”), a leader in innovative temporary flexible space solutions, today announced that it has entered into an agreement with McGrath RentCorp (“McGrath”) to terminate the companies’ previously announced merger, pursuant to the terms of the January 28, 2024…

Colorado OEDIT Announces $24 Million in Proposition 123 Funding for Modular and Innovative Housing Projects Today, the Colorado Office of Economic Development and International Trade (OEDIT) announced that $24 million from the Proposition 123 Affordable Housing Financing Fund will prioritize funding housing projects that utilize products from Colorado-based, off-site housing manufacturers. In June, the State…

ATCO Structures Completes Acquisition of NRB Modular Solutions ATCO Structures & Logistics Ltd. (ATCO Structures) has successfully closed the previously announced acquisition of NRB Limited (NRB), a leading Canadian manufacturer of modular industrial, educational and residential buildings, from Dexterra Group Inc. The purchase, completed for $40 million in cash, was subject to normal closing adjustments and conditions, including final authorization…

Axis Construction Celebrates Opening of Modular Expansion of Emergency Department at Catholic Health’s St. Charles Hospital Axis Construction Corporation, an award-winning leader in conventional and off-site modular commercial construction for the Northeast, joined the ceremonial ribbon cutting for Catholic Health’s St. Charles Hospital’s $10 million Emergency Department (ED) modular expansion, with Ralph Lambert, President & CEO…

Quartz Properties Named 380th Fastest-Growing Private Company by Inc. 5000, Leading Innovation in Modular Building and Development Recognized for rapid growth and innovative modular development practices, Quartz Properties creates a blueprint for scalable modular development with their vertically integrated approach. Quartz Properties Management (Quartz), a modular-centric residential construction and development platform, has earned the 380th…

EIR Healthcare Launches IoT-Driven Mixed-Use Modular Office Building at 58 Grattan in Bushwick, Brooklyn EIR Healthcare, an industrialized construction consultancy specialized in highly engineered and patented modular construction solutions for the healthcare ecosystem, announces the groundbreaking of a new commercial property designed and built through modular construction techniques in Brooklyn, NY. The project is being built in…

Chuck Tyler Named Director of Operations and Business Development at Phoenix Modular Elevator Chuck Tyler, a vertical-transportation (VT) industry veteran with a career spanning more than 35 years, has been named director of operations and business development at Phoenix Modular Elevator, Inc. (PME), headquartered in Mount Vernon, Illinois. Prior to joining Phoenix, Tyler was director…

Vederra Modular and Habitat for Humanity to Build Affordable Housing in CO Habitat for Humanity Roaring Fork Valley is pleased to announce their first-ever modular housing project, The Confluence, in Glenwood Springs. In partnership with Vederra Modular factory, based in Aurora, CO, this project will provide affordable, sustainable, and high-quality housing solutions for families in…