Souter Investments
is one of the UK’s leading family investment offices specialising in private equity

Souter Investments partners with MML Infrastructure to invest in Premier Modular

Tuesday, 15 August 2023

Souter Investments partners with MML Infrastructure to invest in Premier Modular

Souter Investments, the private equity focused family investment office, is delighted to announce it has partnered with MML Infrastructure to invest in Premier Modular, a leading provider of leasing and permanent modular solutions in the UK and Europe.

Premier Modular primarily serves medium to long term needs for essential infrastructure, including education, healthcare, and public infrastructure, as well as various commercial applications. The business combines its experience of delivering highly bespoke, permanent buildings with its large, premium modular fleet to offer flexible solutions that meet the needs of end users, such as students, teachers, patients, medical staff, and other workers, in an effective manner.

Modular space is a critical enabler of the delivery of flexible infrastructure, a key addition to the existing fabric of large-scale infrastructure and a core component of a more sustainable solution for the needs of the 21st century. Health, education, and energy requirements are more variable and often inefficiently served with conventional bricks-and-mortar infrastructure. By contrast, modular buildings serve societal needs when and where they exist in a more cost effective, green, and measured way, with waste-to-landfill being reduced to zero.

Souter has backed MML Infrastructure’s Value-Added strategy led by Managing Partner Andrew Honan. Andrew commented, “Whichever way you look at Premier Modular – its great team, technical prowess, recurring income stream, healthy margins, prestigious case studies and awards – you can see it’s already a well-run company. But it’s the potential for Premier Modular’s long-term growth that we are really excited about. Fundamentally, we are seeing a big societal change in how we build our infrastructure in the UK and globally – a focus on being closer to the user and dealing with shorter term changes in societal needs. In that context, mega-projects and permanent infrastructure are only a portion of what is needed, and Premier is at the vanguard of enabling this change in a sustainable and affordable way.”

MML has committed alongside re-investment from Cabot Square Capital to support management deliver the next phase of growth.

Maurice Shamash, Souter Investment Director said, “We are delighted to partner with MML for the first time, continuing our strategy of working with high quality co-investors. Premier Modular is an exciting opportunity for Souter Investments to support a successful and innovative management team to accelerate their expansion of their market leading business alongside experienced investment partners in MML.”

The Premier Modular deal is the latest of seven new Souter investments made during 2023 so far, reflecting the firm’s approach of investing through the economic cycle. Other recent transactions include Intralink, an Asian focused business development consultancy; Cardo, a platform to repair, maintain and decarbonise social housing; and an agreement to acquire Tracerco, a specialised detection, diagnostic and measurement business servicing the global oil and gas markets.

For more information please visit:
For Premier Modular (
For MML (