BIRMINGHAM, Mich., – Simon Group Holdings (SGH) companies VESTA Modular and Atlas Oil have partnered to establish a modular housing solution for Atlas’ Frac and Rig business in Odessa, TX. The modular housing units, provided by VESTA, are a cost-effective solution for Atlas team members in rural areas of West Texas that have limited housing or hotel options. VESTA will provide apartment-style modular buildings that include all furnishings to provide the Atlas team members with a better alternative to the traditional man camp set up.
“With our available fleet assets and ability to provide turnkey housing solutions, we offer a unique service to the oil field industry,” commented Billy Hall, Chief Operating Officer at VESTA Modular. “The convenience of our ready-to-deploy modular units has proven to save companies like Atlas a lot of time and money.”
According to Hall, the modular housing units are designed to provide the same comforts one would enjoy at home; including full kitchens, large living areas, comfortable sleeping arrangements, regular electrical and water hookup and more. Though the units provided for Atlas are meant to be a long-term solution, the benefit of these units being mobile means that they can be easily moved if the project was relocated or used as a permanent solution as necessary.
“Collaborating with a fellow SGH company to invest in our team and optimize our growing market in the Permian Basin provided a unique opportunity to streamline our operations,” said Tim Speed, Atlas’ Director of Operations Support. “The Odessa market is competitive, and I know our guys are looking forward to having a nice place to call home as part of the Atlas family.”
Construction at the Odessa site officially kicked off on July 9th and is expected to be completed by September 15th, 2018.
“This collaboration between two of our operating companies is a great example of collaborative innovation between SGH team members and what I call 1 + 1 = 11,” said Sam Simon, Founder and Chairman of Simon Group Holdings. “Many synergies exist within SGH, especially between Atlas and VESTA; which we’ve seen previously when the two companies collaborated to provide temporary housing during the 2017 hurricane season. We believe our ability to connect the dots between our team members and companies gives us a leading advantage in the marketplace.”
About VESTA Modular:
VESTA Modular (VESTA) is a portfolio company of Simon Group Holdings’ private equity growth fund Soaring Pine Capital, LLC, and offers turnkey permanent and temporary modular construction solutions for sale or lease across North America. Developed by a strong management team, VESTA brings a professional approach and unique perspective to its projects utilizing a greener, faster, and smarter way of building. “THINKING BEYOND THE BOX” is the company motto, emphasizing that the modular box is just a part of the overall project success. The company provides modular solutions, for sale or lease, to the educational, hospitality, multi-family, assisted living, institutional, Government, healthcare, workforce housing, office, disaster recovery and storage industries with an emphasis on quality, comfort, and safety. www.vestamodular.com
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