The Modern Group - USA

What The Modern Group - USA does

The Modern Group is a privately held, family-controlled industrial equipment conglomerate founded in 1947 and headquartered in Beaumont, Texas. The company operates a portfolio of 12+ wholly-owned subsidiaries that manufacture, rent, and support industrial equipment for oil and gas, agriculture, power generation, storage, and transportation customers, supported by 3,000+ employees across 85 US locations and a stated 10,000+ customer base. Key portfolio brands include Dragon Products (oilfield equipment and drilling products), DUE (industrial equipment), Tiger Rental Group (equipment rentals), Modern Polymer Pipe & Extrusions (HDPE pressure pipe, profile extrusion, and 40+ polymer formulations), ModernAgILEgroup / ModernAg (agricultural equipment), National Chassis (chassis manufacturing), and MG Finance / MGFH2 (equipment-related financial services).

Core technology centers on industrial equipment manufacturing, HDPE pipe extrusion, polymer compounding, and rental fleet operations, with an ISO 9001 quality management system and in-house laboratory capabilities at the Modern Polymer Pipe & Extrusions facility. Proprietary technical features include HDPE pressure pipe manufacturing, custom profile extrusion, more than 40 proven polymer formulations (UV, slip, antistat, antioxidant concentrates and process aids), and tolling services for customers' proprietary formulations.

The business model combines one-time equipment sales, recurring equipment rental revenue (Tiger Rental Group), project support services, and transaction-fee polymer compounding and tolling. Pricing is quote-based and not publicly disclosed. Go-to-market is B2B and sales-led, relying on direct engagement with enterprise and mid-market industrial buyers across diversified verticals. Ownership is family-controlled (Casey Crenshaw serves as President/CEO), with no disclosed private equity or institutional investor involvement.

Name

The Modern Group - USA

Legal name

The Modern Group

Website

https://modernusa.com

Company type

Private

Founded year

1947

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

The Modern Group is a privately held industrial equipment conglomerate founded in 1947, operating 12+ subsidiaries that manufacture, rent, and service equipment for oil and gas, agriculture, power generation, storage, and transportation customers across 85 US locations.

Ownership category

akta.pro rank

Product category

Industrial Equipment Manufacturing

NAICS

Plastics Pipe and Pipe Fitting Manufacturing (326122), Plastics Pipe, Pipe Fitting, and Unlaminated Profile Shape Manufacturing (32612)

SIC

Oil & Gas Field Machinery & Equipment (3533), Industrial Organic Chemicals (2860)

akta.pro primary industry

Engineering & High-Performance Thermoplastics Resin Manufacturing (PA, POM, PC, PBT, PEEK, PPS) (IMANAAAB)

akta.pro secondary industries

Industrial Process & Chemical-Resistant Pipe Systems (CPVC/PVDF/PP) (IMANADAF), Engineering Plastics & Performance Resins (PC, PA, POM, PBT, PMMA) (IMAEADAI)

Keywords

• Industrial equipment manufacturing
• HDPE pipe extrusion
• Polymer compounding services
• Oilfield equipment supply
• Equipment rental services

Headquarters

HQ city

Beaumont

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Equipment Sales: Sale of industrial equipment products across portfolio companies serving oil and gas, agriculture, power generation, storage, and transportation industries
2. Equipment Rentals: Rental equipment services through Tiger Rental Group and related entities
3. Project Support Services: Equipment and project support services provided to customers alongside product delivery
4. Polymer Compounding and Tolling: Compounding services and tolling for proprietary formulations including mineral and additive concentrates

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

The Modern Group is a privately held industrial equipment conglomerate that manufactures and distributes HDPE pressure pipe, custom profile extrusions, and mineral and additive concentrates, and provides polymer compounding and tolling services. Through its 12+ subsidiary brands, it also supplies oilfield equipment, agricultural equipment, chassis products, industrial equipment rentals, and equipment financing to industrial customers across the United States.

Product overview

The Modern Group is a family of industrial equipment companies offering a diverse portfolio of products and services across multiple brands. The portfolio includes equipment rental (Tiger Rentals), agricultural solutions (Modern AgILERoup), polymer pipe and extrusion products (Modern Polymer Pipe & Extrusions), chassis products (National Chassis), and financial services (MG Finance). The companies serve industries including oil and gas, agriculture, power generation, storage, and transportation, united by core values of quality products and customer service.

Differentiator

Problem solved

Functional benefit

Brands

• Dragon Products Ltd: Oilfield equipment and drilling products
• Tiger Rentals Group
• Modern Polymer Pipe & Extrusions
• ModernAg

Products and services

• HDPE Pressure Pipe High-density polyethylene pressure pipe manufactured for industrial applications by Modern Polymer Pipe & Extrusions.
• Custom Profile Extrusion Custom profile extrusion services for industrial and commercial applications, supplied by Modern Polymer Pipe & Extrusions.
• Mineral and Additive Concentrates Over 40 proven formulations including UV concentrates, slip concentrates, antistat concentrates, antioxidants, and process aids supplied to the global plastics industry by Modern Polymer Pipe & Extrusions.
• Polymer Compounding and Tolling Services Compounding services for the global plastics industry and tolling services for customers' proprietary formulations, delivered from an ISO 9001-certified facility with in-house laboratory capabilities.
• Tiger Rentals Equipment Rental Equipment rental services serving oil and gas, agriculture, power generation, and other industrial customers through the Tiger Rental Group subsidiary.
• National Chassis Products Chassis-related equipment products supplied to storage and transportation industry operators through the National Chassis subsidiary.
• MG Finance Equipment Financing Financial services offering within the Modern Group family of companies that supports equipment financing for customers.
• Dragon Products Oilfield Equipment Oilfield equipment and drilling products supplied to oil and gas operators through the Dragon Products Ltd subsidiary.
• ModernAgILEgroup Agricultural Equipment Agricultural equipment solutions supplied to agricultural sector customers through the ModernAgILEgroup subsidiary.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Advanced Drainage Systems: Leading US manufacturer of HDPE pipe products for stormwater, drainage, and infrastructure. Directly comparable to Modern Polymer Pipe & Extrusions on HDPE pressure pipe manufacturing technology and core customer base.
• JM Eagle: One of the largest plastic pipe manufacturers in North America producing PVC and HDPE pipe for industrial and infrastructure applications. Directly overlaps with Modern Polymer's HDPE pipe product line and customer segments.
• Avient (formerly PolyOne): Specialty polymer materials company offering compounding and additive concentrates for plastics. Directly comparable to Modern Polymer's compounding services and mineral/additive concentrate product line across UV, slip, antistat, and antioxidant formulations.
• H&E Equipment Services: Equipment rental and sales company serving industrial, oil & gas, and infrastructure customers. Directly comparable to Tiger Rental Group's rental model, customer verticals, and equipment fleet composition.

Broad incumbents

• National Oilwell Varco (NOV): Global large-cap provider of oilfield equipment, components, and technology. Comparable to Dragon Products on oilfield equipment manufacturing scope, though NOV operates at a much larger scale with broader international reach.
• United Rentals: Largest equipment rental company in the world serving industrial and construction end markets. Directly comparable to Tiger Rental Group on the rental motion, customer base (oil & gas, construction), and fleet management approach.
• ChampionX: Provider of chemistry solutions, equipment, and technologies for upstream oil & gas operations. Comparable to Dragon Products on oilfield equipment and chemistry/chemical formulation overlap with Modern Polymer compounding.
• Olin Corporation: Integrated chemicals manufacturer including chlor-alkali, vinyls, and epoxy resins. Comparable to Modern Polymer's chemical/additive manufacturing capabilities and downstream industrial customer base across plastics and industrial applications.

Emerging players

• RTP Company: Specialty compounder of engineered thermoplastics offering custom formulations and tolling services. Comparable to Modern Polymer on compounding capabilities, formulation breadth, and tolling model for proprietary customer formulations.

Regional players

• Core & Main: US distributor of water, sewer, and stormwater products including HDPE pipe. Comparable to Modern Polymer Pipe on pipe distribution channels and infrastructure customer base, though Core & Main is primarily a distributor rather than manufacturer.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/the-modern-group-usa

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Modern Group - USA