Founded in 2015, ProSet, LLC (“ProSet” or “ProSet Modular”) is one of the leading set services companies for permanent modular construction, providing quality set services for manufacturers, general contractors and developers. Led by some of the most experienced multistory installation technicians in the industry, ProSet works to help ensure that every crane set is a success. Modular construction continues to gain momentum where speed to opening is a priority and when access to labor is an issue, and it is regarded as a more sustainable way of building.
Progress Equity Partners (“Progress Equity”) is a private investment firm based in Denver, CO that focuses on partnering with successful companies and their management teams to scale for further growth. The Progress principals have decades of experience working with entrepreneurs who are ready for the next evolution of their business.
“With the high material and labor prices, disrupted supply chains and shortages of skilled labor, many multistory new builds have moved to modular construction as a superior solution to onsite buildouts. We see these trends continuing in the foreseeable future, and ProSet is poised to continue to be a model partner for companies expanding into the permanent modular construction market,” said Clay Fox, Progress Equity vice president.
“We designed ProSet to be the standard of excellence in our industry. As we continue to grow as a national leader and the industry continues to grow with us, we always want to keep the customer in mind,” added Matt Mitchell, cofounder and president of ProSet Modular.
Scott Bridger, cofounder and vice president at ProSet Modular, noted, “From the outset of meeting Progress Equity, we realized our shared values and vision for collaboration in building a world-class business would result in a great partnership and bright future for ProSet.”
Details of the transaction, completed in August 2024, are confidential.
Wipfli Corporate Finance Advisors LLC acted as the exclusive financial advisor to ProSet, LLC in connection with the transaction. Messerli & Kramer served as legal counsel.
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