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Premier Modular & Ground Control

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Direct Lending team completes transactions for existing portfolio company Premier Modular and Ground Control

These transactions highlight the breadth and flexibility of Pricoa Private Capital’s Direct Lending strategy, which aims to provide relationship-focused debt capital for sponsor-backed and management-owned business in the mid-market.

Premier Modular

Relationship since 2021

transaction detials

Premier Modular is a leading provider of leasing and permanent modular solutions in the UK and Europe. Premier primarily serves the medium to long term needs for essential infrastructure, including education, healthcare and public infrastructure, as well as various commercial applications. The business combines its experience of delivering highly bespoke, permanent buildings with its large, premium modular fleet to offer flexible solutions that meet the needs of end users, such as students, teachers, patients, medical staff and other workers, in an effective manner.

Pricoa initially supported sponsor Cabot Square Capital’s acquisition and carveout in 2021. As part of the recent transaction, we provided additional debt financing to support sponsor MML Capital Partners’ investment in the business alongside re-investment from Cabot Square Capital.

"This investment means we can continue our enviable track record of growth, by investing in the growth of our second-to-none fleet, expanding the range of ownership structures we offer our clients, and meeting our clients’ requests to expand into Europe. The combination of financial firepower and infrastructure expertise will be invaluable as we continue to drive Premier forward."

David Harris, CEO
Premier Modular

Ground Control

Relationship since 2023

transaction detials

Ground Control, headquartered in Billericay, Essex, offers a comprehensive range of environmentally-led grounds maintenance services, arboriculture work, winter maintenance and landscape construction. The business has full nationwide coverage, with 1,200 employees and 1,000 contractors, and has established itself as a trusted partner for prominent UK organisations including Network Rail, Sainsbury's, Tesco, National Grid, Severn Trent Water, and The Environment Agency.

Pricoa supported an ownership transition, with existing members of the management team Jason Knights (Managing Director) and Brian Smith (Group Sales and Marketing Director) acquiring a significant shareholding in the company.

“I am excited about this investment, which can only accelerate our growth plans, allowing us to better support our existing and new customers in meeting their carbon and biodiversity goals. We are thrilled to have experienced partners in Pricoa, who share our vision and will help accelerate our growth trajectory.”

Jason Knights, Managing Director
Ground Control
August 16, 2023

Jack Gilbert headshot
Jack Gilbert
Vice President
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