Target Hospitality

Creating a market leader
Largest provider of remote accommodation in the US with a strong market position in the Permian Basin region

Target Hospitality is the largest provider of remote accommodation in the US, operating over 30 sites with over 15,000 beds.

Target Hospitality was formed in March 2019 through the combination of Target Lodging – Modulaire’s North American Remote Accommodation business – and Signor Holdings – a leading provider of remote workforce accommodation in the Permian Basin region.

  • At a glance
  • Status: Unrealised
  • Deal Type: Listed Vehicle
  • Sector: Business Services
  • Initial Investment Date: February 2013
  • Website:


In March 2019, we completed the spin out of Target Lodging from Modulaire Group into a listed vehicle combining it with Signor Holdings and forming Target Hospitality. Target trades on the NASDAQ and TDR manages a significant stake in the business.

Since TDR’s investment

Target Hospitality has strengthened its market leading position in the highly attractive Permian Basin region and has developed a sizeable government services business.

Back to Our Portfolio