ROC Modular Inc. Company Profile

Background

ROC Modular Inc., established in 2019 and headquartered in Bow Island, Alberta, Canada, is a leading manufacturer specializing in off-site modular construction solutions. The company's mission is to revolutionize the construction industry by delivering efficient, sustainable, and high-quality modular buildings. With a combined team experience of over 5,000 modules completed across various sectors, ROC Modular has built a strong reputation for on-time and on-budget project delivery. Their focus spans social and affordable housing, hospitality, multi-family residences, education, and industrial markets. The company operates with a distinct social orientation, emphasizing the creation of spaces where people can thrive.

Key Strategic Focus

ROC Modular's strategic objectives include:

Comprehensive Turn-Key Solutions: Offering end-to-end services from concept development and engineering design to module fabrication and site construction.

Diverse Project Portfolio: Catering to a wide range of projects, including small site offices and large-scale multi-family or commercial developments across Western Canada, the North, and Central/Western USA.

Quality Assurance: Manufacturing modular units under a strict quality program conforming to CSA-A277 standards in their 60,000 sq. ft. certified facility.

Sustainability and Efficiency: Implementing modular construction methods that reduce waste and promote environmental sustainability.

Financials and Funding

As of the latest available data, ROC Modular Inc. reports annual revenues of approximately $5 million and employs around 67 individuals. Specific details regarding funding history, recent funding rounds, or notable investors are not publicly disclosed.

Pipeline Development

ROC Modular has successfully completed over 5,000 modules across various sectors, including social and affordable housing, hospitality, multi-family residences, education, and industrial markets. The company continues to expand its project portfolio, focusing on delivering high-quality modular solutions that meet or exceed client expectations.

Technological Platform and Innovation

ROC Modular distinguishes itself through:

Proprietary Off-Site Construction Technology: Utilizing innovative modular construction techniques to streamline workflows, reduce development time, and enhance productivity.

Sustainable Building Practices: Emphasizing environmentally sustainable methods that minimize waste and promote energy efficiency.

Quality Control: Adhering to stringent quality programs conforming to CSA-A277 standards to ensure superior product quality.

Leadership Team

Joseph Kiss, M.Eng., P.Eng.: President & CEO, Board Member

A modular construction professional and industry advocate with extensive experience in developing disruptive technologies and businesses.

Rhys Kane, BSc.: Director, Business Development

Specializes in modular construction, working with developers to provide high-quality modular-building solutions across Canada and Central/Western USA.

Shahadat (Shah) Hussain, B.Comm, CMA: Director, Finance

Oversees financial reporting, budgeting, forecasting, project accounting, and cash management.

Trevor Cadieux, M.Sc.: Senior Project & Program Manager

Responsible for developing program management processes and controls within the project department.

Mike Keane, M.Sc.: Senior Project Manager

Over 25 years of experience in commercial, residential, and institutional sectors, leading day-to-day project activities.

Darrin Newnham, CET: Senior Project Manager

Over 30 years of experience in commercial, residential, and institutional construction, with expertise in modular construction.

Jacob Schmitt: Manufacturing Facility Manager

18 years of construction experience, including 11 years in modular construction.

Andre Haesler, CET: Design & Quality Assurance Manager

Dedicated Architectural Technologist with extensive experience in design and drafting.

Melissa Moen: Administrative Manager

Over 20 years of experience in office management, striving for an organized and efficient office environment.

Leadership Changes

In May 2023, ROC Modular announced the retirement of its founder, Tony Isaac. The company continues to be led by President & CEO Joseph Kiss.

Competitor Profile

Market Insights and Dynamics

The modular construction industry is experiencing significant growth due to increasing demand for efficient, cost-effective, and sustainable building solutions. The market is characterized by rapid technological advancements and a shift towards off-site construction methods.

Competitor Analysis

Key competitors include:

Metric Modular: Specializes in modular construction with a focus on design and quality.

Nomodic: Offers modular solutions across various sectors, emphasizing innovation and sustainability.

Alta-Fab Structures: Provides modular buildings with a focus on durability and functionality.

Supreme Modular Fabrication: Known for high-quality modular fabrication services.

Strategic Collaborations and Partnerships

In November 2021, ROC Modular entered into a Teaming Agreement with Synergy Group of Companies Inc. to collaboratively select, pursue, and execute modular projects. This partnership aims to deliver industry-leading turn-key modular construction projects across Western Canada.

Operational Insights

ROC Modular's strategic considerations include:

Market Position: Leveraging their extensive experience and reputation to maintain a competitive edge in the modular construction industry.

Competitive Advantages: Offering comprehensive turn-key solutions, adhering to strict quality standards, and emphasizing sustainability.

Strategic Opportunities and Future Directions

ROC Modular's strategic roadmap includes:

Expansion into New Markets: Exploring opportunities in Central and Western USA to broaden their market reach.

Technological Advancements: Investing in innovative construction technologies to enhance efficiency and product quality.

Sustainability Initiatives: Continuing to implement environmentally sustainable practices to meet the growing demand for green building solutions.