In February 2024, CPE Capital 9 completed the acquisition of Modus Projects, a leading provider of construction and facilities management across Australia.
Established in 2010, Modus has 11 branches nationwide offering facilities maintenance services, construction, project management and fit-outs servicing tier one customers such as 7-Eleven, COS, Commonwealth Bank, Snap Fitness and Caltex Foodary. Modus employs over 300 staff and utilises a panel of over 1,500 sub-contractors.
CPE Capital 9’s investment thesis is focused on:
- Increased work with existing customers by servicing a greater proportion of their assets
- Diversification of customer base through improved focus on business development
- Strategic M&A to diversify the customer base and/or add capabilities
