TARGET HOSPITALITY Creating a market leader Largest provider of remote accommodation in the United States with a particularly strong market position in the Permian Basin region. c. 12,000 Beds Clear market leader in the Permian Basin region Description Target Hospitality (“Target”) is the largest provider of remote accommodation in the United States, operating 22 facilities with approximately 12,000 beds. Target Hospitality was formed in March 2019 through the combination of Target Lodging – Algeco’s North American Remote Accommodation business) – and Signor Holdings – a leading provider of remote workforce accommodation in the Permian Basin region. Transaction In March 2019, we completed the spin out of Target Lodging from Algeco Group into a listed vehicle combining it with Signor Holdings and forming Target Hospitality. Target is trading on the NASDAQ and TDR manages a significant stake in the business. Key facts Sector: Business Services Status: Unrealised Date of initial investment: February 2013 Website: www.targethospitality.com Deal type: Listed vehicle Contact email: target@tdrcapital.com Back to Our portfolio View previous case study View next case study Quick links Home What we do Who we are Our portfolio Contact us Investor relations Recruitment Media Responsible investing Terms & Conditions Privacy policy Disclosure & transparency Modern Slavery Act 2015 Contact 20 Bentinck Street, London W1U 2EU tel: +44 20 7399 4200 email: info@tdrcapital.com Directions Bentinck Street is located in Marylebone near to Bond Street and Oxford Circus tube stations, and is accessible via the Central, Jubilee, Bakerloo and Victoria lines. © TDR Capital LLP 2021