Reply #37: Carlyle Group buys modular building company

[UpInArms]

(Cashing in on Katrina?)

http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2006-03-09T134847Z_01_N09162528_RTRIDST_0_MANUFACTURING-COMARK.XML

NEW YORK, March 9 (Reuters) - Carlyle Group, a private equity firm, said on Thursday it had bought Comark Building Systems Inc., which makes and distributes modular buildings, seeing demand for manufactured buildings on the rise.

Terms of the deal were not released. Carlyle bought the company from Brazos Private Equity Partners LLC, a private equity group based in Dallas, Texas.

Comark's current management will remain in place. The deal closed on March 6.

Charlie Moore, a principal at Carlyle Venture Partners, said demand for high-quality modular construction was rising.

"We expect this trend to accelerate, particularly with government customers, as they seek to realize the significant advantages, in terms of both cost and speed, of manufactured buildings," he said in a statement.

Comark, founded in 1989, supplies custom modular buildings to the federal government, public school districts and commercial customers across the United States, employing 500 people at locations in Texas, California and North Carolina.

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