Santa Monica’s Balmoral Funds Invests in Modular Building Firm

Santa Monica private equity firm Balmoral Funds and senior managers of Vesta Modular, a provider of rentable modular buildings, purchased the ownership interests of the Birmingham, Mich.-based company’s initial investors. Terms of the transaction were not disclosed. Billy Hall, Vesta’s chief operating officer, said that the Balmoral and management buyout of Vesta’s outstanding ownership of…

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