HLD industrial investment group acquires Thurston Holdings Limited a leading UK modular building manufacturer

1st November, 2021

HLD Group is pleased to have completed the purchase of Thurston Holdings Ltd (‘Thurston’), one of the UK’s largest designers and manufacturers of portable and modular buildings. Thurston’s bespoke modular buildings are used across the country in environments ranging from HS2 construction compounds to accessible schoolrooms for children with learning disabilities. Fifty years of experience and design has created a portfolio of products that provide the highest quality conventional modular buildings for construction, logistics, and temporary industrial and commercial environments and include buildings developed for offshore, blast risk, fire risk, and other specialist environments.

Jonathan Petch who remains with the business as a shareholder and in his new role as Non-Executive Chairman, commented: “This investment by the HLD Group will allow Thurston to give renewed focus to the significant growth we have achieved in the last few years and to move forward with the even more ambitious plans our senior team have been working on.”

Matt Goff, Managing Director, added, “We are thrilled to become part of the HLD group. HLD, from the very start of their involvement with us, have demonstrated the same belief and ambition to see Thurston reach its potential as we in the business have. To have investors alongside that supported our drive for growth was a key part of our decision to work with them.” The Thurston Group operates across three manufacturing sites in the North of England and employs over 350 people.

This acquisition represents the largest transaction so far in the HLD Group’s short history and another major step forward in their ambitious growth plans.

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