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Modular Builder bought by ISG | BUILDING MAGAZINE

Modular Builder bought by ISG

ESS Group, a modular building specialist based in Dublin and Manchester has sold a majority shareholding to ISG.

It is believed that the financial strength of ISG will help ESS to grow and focus on public sector frameworks.

ISG is owned by Cathexis, the investment vehicle of Texan billionaire William Harrison.

The ESS Group, which was founded in 1989, employs more than 280 staff from four offices and three manufacturing facilities across the UK and Ireland. It also comprises of the ESS Modular and Spatial Initiative brands suppling volumetric building components manufactured offsite for clients in the public sector, healthcare and commercial markets.

Paul Tierney, ESS chief executive said: “The ISG investment is a vitally important moment for the ESS Group and will provide a solid financial platform for our continued growth plans. We believe intensely in a better way and have been working for the last 30 years with the aim of bringing our high quality offering to clients. We look forward to what we believe will be an exciting time for the industry as we see modern methods of construction continue to transform customer outcomes and expectations in the strive towards a net zero future”.

Matt Blowers ISG chief executive said: “With greater integration and collaboration our industry can expedite its performance to meet the growing demand for net zero construction solutions. The ESS Group brings a wealth of expertise, talent and innovation to ISG and will enable us to fast track our journey formulating and implementing leading edge built solutions that are rooted in improving performance together with high sustainable and ethical outcomes”.