Building fit-out company acquired

Sydney private equity firm CPE Capital has acquired Australia-wide building fit-out company Modus Projects for an undisclosed sum.

Established in 2010, Modus has 11 branches across the country and, in addition to fit-out work, provides facilities management services. Customers include 7-Eleven, Commonwealth Bank, Snap Fitness and Ampol. Modus has worked with Ampol on rebranding its service stations from Caltex and developing its Foodary retail outlets.

Image: A Modus Projects revamped Ampol Foodary outlet.