Target Hospitality Corp.
TH
Energy
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exclusion reasons
3 themes
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Target Hospitality Corp. operates a significant portion of its business through government contracts to provide temporary lodging and support services for immigration detention facilities. The company’s largest and most prominent contract is for the “Village” at the southern U.S. border, a complex that houses U.S. Customs and Border Protection personnel and contractors. While not a traditional prison operator, the company’s infrastructure directly supports the federal immigration detention system. AFSC Investigate documents Target Hospitality as part of the broader prison industry due to its role in providing essential services to detention operations.
Target Hospitality Corp. operates specialty rental and hospitality services, including workforce lodging and catering, for government and commercial clients. The company has been identified on the 2025 AFSC Investigate General Assembly Divestment/Proscription List under criteria related to international armed conflict, specifically for its operations in Syria. The company's human rights policy, referenced in its 2024 proxy statement, commits to conducting due diligence to embed human rights into operations and provide access to remedy. However, operating in or materially supporting activities in active conflict zones, such as Syria, constitutes grounds for exclusion unless an affirmative defense is met. No public evidence suggests Target Hospitality's presence provides an essential civilian service that would leave the population materially worse off without it.
Target Hospitality Corp. operates a specialty rental business providing workforce accommodations and ancillary services. The company’s primary business segment, Specialty Rental Services, derives its revenue from serving the oil and gas industry, specifically by housing workers in major U.S. hydrocarbon basins. Its operations are concentrated in Texas, the largest oil-producing region in the United States. The company’s business model is a direct ancillary service to fossil fuel extraction, providing the temporary lodging infrastructure required to maintain and expand drilling and production operations.
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
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