Equistone Partners Europe is set to buy two German prefab home manufacturers.
In a release to MHProNews, said “Equistone Partners Europe has agreed to acquire two German prefabricated home manufacturers Bien-Zenker and Hanse Haus from ADCURAM Group AG. No financial terms were disclosed. The deal is expected to close in January 2018.”
The firm’s website says, “We are a leading mid-market private equity firm based in six offices across four countries: France, Germany, Switzerland and the UK.”
Prefabricated Home Builder, Bien-Zenker
Factory Home Builder, Hanse Haus
The video below features a project in England, where there is a serious push to do hundreds of thousands of prefab homes in the near term.
Equistone Partners Europe
Per the Equistone release, “Bien-Zenker and Hanse Haus design, manufacture, sell and build prefabricated homes in Germany, Switzerland and the UK. The companies’ three renowned brands – Bien-Zenker, Living Haus and Hanse Haus – are united by their commitment to delivering the highest quality service, offering customers bespoke home-building programmes ranging from ‘entry level’ products, which include self-build options, to more luxurious residences. Together they are projected to generate revenues in excess of EUR 300 million in 2017.”
“The prefabricated homes industry is developing quickly. With our individual brands, we offer a broad portfolio of products to different customer segments and cover the entire spectrum of the prefabricated home market. We’ve been able to grow significantly in recent years with the support of our previous owners and we are delighted to have found in Equistone a new, reliable partner to support further growth,” explained Marco Hammer, Managing Director of Hanse Haus.
“The highly-fragmented prefabricated home market offers great growth potential. The companies Bien-Zenker and Hanse Haus and the Living Haus brand are all players with very strong market positions. We want to build on this, above all by driving organic growth across the companies,” said Stefan Maser, Partner at Equistone.
The Daily Business News has led the way in American factory-built housing news coverage of these overseas developments.
Each such move reflects the trend already taking place, or are already said to be underway, in the U.S. factory-built home market.
Cavco has as a stake-holder a giant British firm that is likewise making a move into modular/prefab housing.
It was about 14 years ago that Berkshire Hathaway began its move on the manufactured housing industry.
Today, they are so dominant, that Maxine Waters (D-CA) and others in Congress are calling Buffett’s brands as a near monopoly.
Waters said in a Congressional statement recently that the Manufactured Housing Institute (MHI) is a mere tool for Warren Buffett, and his Clayton Homes, Vanderbilt Mortgage, 21st Mortgage, and other related brands.
Several industry companies are taking steps to protect themselves against these moves, per a special report linked below.
The industry must also consider how several of the top 10 U.S. corporations are making moves related to the factory-built home industry.
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Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.