Volumetric Building Companies (VBC), one of the United States’ largest multifamily volumetric modular and components businesses, announced today that the company has merged with Polcom Group (Polcom), a premium steel modular building and custom furniture manufacturing conglomerate for the hospitality market.
The deal will revolutionize the construction industry by combining VBC’s innovative wood construction technology with Polcom’s advanced steel modular system. The Polcom merger closely follows VBC’s recent purchase of Katerra, Inc.assets, including their state-of-the-art manufacturing facility operations and offices in Tracy, CA.
The global company will be headquartered in the U.S. and led by Vaughan Buckley and his leadership team in Philadelphia. The firm delivers highly efficient and cost-effective construction projects with a lower environmental impact than any other solution on the market.
The combined company will have more than 500 employees located in over 1.25 million square feet of manufacturing space located in 2 continents, with a pipeline of business in excess of $1 billion. Polcom, a new division of VBC, will continue to operate all of its current facilities after the merger, and expansion is expected.
Polcom is an incredible compliment to VBC’s existing capabilities in design, manufacturing and construction services with a massive advantage in our geographic scope, said Vaughan Buckley, Chief Executive Officer of VBC.
Polcom is responsible for some of the most exciting and innovative hospitality construction in North America and Europe, including world-class hotels in New York City, Seattle, London, Washington D.C. and Amsterdam. By joining forces, VBC’s technology-driven platform will now be capable of producing buildings from 3 to 35 stories in height, in both wood and steel, across a broader range of market segments and in multiple countries.
Gary Fleisher is Editor in Chief of Modular Home Source and Offsite Builder. Email at [email protected]
