Target Hospitality Advances Growth Priorities with Strategic Hire

Rhea-AI Summary

Target Hospitality (Nasdaq: TH) has appointed Brendan Dowhaniuk as Executive Vice President of Strategy and Corporate Development. In his new role, Dowhaniuk will focus on advancing the company's strategic priorities, including mergers and acquisitions, and developing growth opportunities. Prior to joining Target, he held senior M&A positions at Alimentation Couche-Tard (Circle K), Hoonigan, and Eastman Chemical Company, where he managed acquisition activities and portfolio strategy. His background includes experience at Cenovus Energy Inc. and Desjardins Capital Markets' Energy Investment Banking group. Dowhaniuk holds a master's degree from the University of Alberta and a bachelor's degree from the University of Calgary.

Positive

• Strategic hire with extensive M&A experience to drive growth initiatives
• Addition of senior executive with proven track record in complex transactions

Negative

• None.

THE WOODLANDS, Texas, Dec. 30, 2024 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality," "Target" or the "Company") (Nasdaq: TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced the hiring of Brendan Dowhaniuk as Executive Vice President of Strategy and Corporate Development. Mr. Dowhaniuk will be responsible for advancing the Company's key strategic priorities, including mergers and acquisitions, and further developing a robust pipeline of growth opportunities.

"We are pleased to welcome Brendan to Target's leadership team. We believe his broad-reaching experiences across multiple facets of strategy and corporate development will provide valuable expertise as we continue to pursue strategic growth initiatives," stated Brad Archer, President and Chief Executive Officer.

Prior to joining Target Hospitality, Brendan held senior M&A roles at Alimentation Couche-Tard (Circle K) and Hoonigan and Eastman Chemical Company, where he was responsible for driving acquisition activity and portfolio strategy while also executing multiple complex carve out transactions.

Brendan has a diverse M&A and corporate finance background, having spent time at Cenovus Energy Inc. and Desjardins Capital Markets' Energy Investment Banking group earlier in his career. Mr. Dowhaniuk holds a master's degree from the University of Alberta, and a bachelor's degree from the University of Calgary.

About Target Hospitality

Target Hospitality is one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services in the United States. Target builds, owns and operates a customized and growing network of communities for a range of end users through a full suite of value-added solutions including premium food service management, concierge, laundry, logistics, security and recreational facilities services.

Investor Contact
Mark Schuck
(832) 702 – 8009
ir@targethospitality.com

View original content:https://www.prnewswire.com/news-releases/target-hospitality-advances-growth-priorities-with-strategic-hire-302339650.html

SOURCE Target Hospitality

FAQ

Who is Target Hospitality's new EVP of Strategy and Corporate Development?

Brendan Dowhaniuk has been appointed as Target Hospitality's new Executive Vice President of Strategy and Corporate Development.

What are Brendan Dowhaniuk's responsibilities at Target Hospitality (TH)?

Dowhaniuk will be responsible for advancing the company's key strategic priorities, including mergers and acquisitions, and developing growth opportunities.

What is Brendan Dowhaniuk's professional background before joining Target Hospitality (TH)?

He held senior M&A roles at Alimentation Couche-Tard (Circle K), Hoonigan, Eastman Chemical Company, Cenovus Energy Inc., and Desjardins Capital Markets' Energy Investment Banking group.

What strategic impact could this appointment have on Target Hospitality (TH) stock?

The appointment signals Target Hospitality's focus on growth through M&A activities, potentially impacting future company expansion and stock value.