Modular building market leader Portakabin has acquired healthcare modular buildings specialist Darwin Group.
Combining the modular knowledge, scale and financial strength of York-headquartered Portakabin with the specialist healthcare expertise of Darwin Group will now offer healthcare providers both temporary and permanent building solutions to cover all future clinical and non-clinical requirements.
“This union between two of the most respected offsite modular builders in their respective fields is an exciting development for both Portakabin and Darwin Group. We are both passionate about providing the healthcare sector with the most comprehensive range of market-leading products and services, particularly given the considerable pressures on our healthcare professionals today,” says Dan Ibbetson, CEO of Portakabin.
“An incredibly strong culture runs through the DNA of both businesses, and our commitment to delivering quality healthcare facilities allowing clinicians to enhance patient care makes this a natural fit. We are truly excited to start working together to continue delivering outstanding buildings for our customers,” says Richard Pierce, CEO of Darwin Group.
Darren Boocock, corporate finance partner at Deloitte, said: “We were delighted to be involved in this transaction from its inception to its conclusion. We have worked closely with the Darwin team over the last two and a half years, helping them raise the funding to support their expansion ambitions and assisting them as they built out the management team and explored strategic opportunities for the business.
“Portakabin is a natural home for the team; both businesses share the same cultural values and passion to provide exceptional solutions to the healthcare sector. We wish Richard, Jim and the rest of the management team all the best as they pursue the next stage of their exciting journey.”
Andy Moody, corporate finance director, added: “This deal is a real success story for the Midlands market. Darwin is an exceptional Midlands business with an unrivalled reputation in healthcare. The transaction with Portakabin will enable them to expand their solutions to the healthcare sector.”
Darwin Group is headquartered in Telford, with an organisation of c. 200 employees and a turnover of c. £80m in 2022.
Portakabin was advised by Stephens (Corporate Finance), Addleshaw Goddard (Legal) and KPMG (Financial and Tax).
Darwin Group was advised by Deloitte (Corporate Finance), DLA Piper (Legal) and PwC (Tax).
