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Target Hospitality Announces Acquisition Of Strategic Humanitarian Assets

Apr 17, 2023over 2 years ago

Acquiring Company

Target Hospitality

Acquired Company

Assets

The WoodlandsHotelHospitality

Description

Target Hospitality Corp. ("Target Hospitality," "Target" or the "Company") (Nasdaq: TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced it has acquired strategic assets focused on increasing portfolio capacity in support of the United States government's critical humanitarian aid mission.

Company Information

Company

Target Hospitality

Location

The Woodlands, Texas, United States

About

Target Hospitality (formerly Target Lodging), is the largest provider of turnkey accommodations and integrated hospitality services in the United States with 22 communities and more than 10,000 beds in our network. We operate globally, even in the most remote environments. We support the oil, gas and mining industries with workforce housing and site services. We also provide governments and relief organizations with temporary lodging, culinary and hospitality services. Our large network, high-quality culinary services, differentiated amenities, and service-focused team all work together to enhance morale and improve retention for our customers in an increasingly competitive market. At Target Hospitality, you can rest assured that we’ll take care of your workforce off the job so they perform their best on the job.

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M&A Insights

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Tech stack consolidation
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