ReSun Acquires GE Mod Space Biz

ReSun Corp., a modular building provider controlled by Calera Capital, has completed its acquisition of GE North American modular space business from GE Capital Corp. Other ReSun shareholders include ABS Capital and company management, while leveraged financing for the acquisition was arranged by Bank of America and JP Morgan. No financial terms were disclosed for the deal, which results in ReSun being renamed ModSpace.