Thurston Group builds with Alsim agreement
A modular and portable building firm has expanded with an acquisition.
Thurston Group has bought Alsim System Building’s assets, intellectual property and customer relationships.
Bosses say the move will “diversify” the Wakefield-headquartered company’s portfolio and allow it to make a new style of temporary living accommodation.
And the deal could be followed by further agreements, with officials revealing they are “actively seeking opportunities to scale capacity”.
The takeover follows modular building firm Alsim’s insolvency and also comes after Thurston Group’s investment into fabrication firm Storplan to increase production capacity.
Matt Goff, managing director at Thurston Group, which has further bases in Hull, York and Brandesburton, in East Yorkshire, said: “Alsim has long been respected for its design expertise and customer relationships within the construction sector.
“By acquiring its assets and intellectual property, we’re not only strengthening our own technical capability but reinforcing our position as a trusted, forward-thinking off-site manufacturer.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular Yorkshire & The Humber morning email for free.
The missing piece of the puzzle in the NEET crisis
The North East investment story needs two engines
We must forge change to close the skills gap
Creating the conditions for North East talent to thrive
Time to end London monopoly on arts talent
Why local government is key to devolution success
Your reputation is worth more than that invoice
There is no perfect time when selling a business
What next when social media career help goes?
The psychological contract that nobody signs
Time for strategy built on the foundational economy
Why being ‘work-ready’ matters more than ever