Vantem Acquires Arris Manufacturing to Expand Capabilities

Deal News | Jan 16, 2025 | Globenewswire

Vantem Acquires Arris Manufacturing to Expand Capabilities

In a significant move to expand its capabilities, Vantem has acquired Arris Manufacturing, a leader in off-site multi-family residential manufacturing based in Clio, South Carolina. This acquisition is a strategic part of Vantem's nationwide growth plan, which aims to establish 20 plants across the United States through new facilities and acquisitions. The purchase enhances Vantem's manufacturing abilities to include multi-family structures, meeting increasing demand for energy-efficient builds in the Southeastern U.S. By leveraging proprietary technology, Vantem offers cost-effective, sustainable building solutions that help developers improve profitability. The acquisition aligns with the U.S. Department of Energy's stringent ZERH standards, providing considerable long-term cost savings for developers and homeowners. This move also includes expanding Vantem's portfolio with Arris' transportation, logistics, architecture, and engineering capabilities. Chris Anderson, CEO of Vantem, emphasizes the importance of providing end-to-end solutions to enhance developer profitability, while Andrew Miller, former COO of Arris and newly appointed Executive Vice President of Manufacturing at Vantem, looks forward to integrating Arris' experience in smarter construction with Vantem's focus on energy efficiency.

Sectors

  • Construction and Real Estate
  • Sustainable Development and Green Building

Geography

  • United States – The acquisition and expansion strategy involves establishing 20 plants across the U.S., with a focus on the Southeastern U.S. for sustainable manufacturing solutions.
  • South Carolina – Arris Manufacturing is based in Clio, South Carolina, which is the geographical focus for part of Vantem's acquisition strategy.

Industry

  • Construction and Real Estate – The article discusses the acquisition of Arris Manufacturing by Vantem, which is focused on off-site multi-family residential manufacturing, a key component of the construction and real estate industry.
  • Sustainable Development and Green Building – Vantem's focus on energy-efficient factory-built structures and adherence to U.S. Department of Energy's ZERH standards places the company within the sustainable development and green building sector.

Financials

    Participants

    NameRoleTypeDescription
    VantemBidding Company/BuyerCompanyVantem is a company that specializes in energy-efficient, factory-built structures to help developers reduce costs and increase profitability.
    Arris ManufacturingTarget CompanyCompanyArris Manufacturing is a leader in off-site multi-family residential manufacturing based in Clio, South Carolina.
    Chris AndersonCEOPersonChris Anderson is the CEO of Vantem, spearheading the company's growth and acquisition strategy.
    Andrew MillerExecutive Vice President of ManufacturingPersonAndrew Miller, former COO of Arris Manufacturing, now serves as Executive Vice President of Manufacturing at Vantem.