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Announced

Completed

Bird Construction completed the acquisition of Dagmar Construction for $32m.

Synopsis

Bird Construction, a general contractor in Canada, completed the acquisition of Dagmar Construction, a construction company, for $32m. "This acquisition provides a platform for Bird, in the largest civil infrastructure market in Canada, to combine our national civil resources with Dagmar's extensive experience in Ontario, and it will be a catalyst for long term growth in the infrastructure sector. It is consistent with our strategy to diversify across both geography and market segments. Through the combination of our two, highly respected businesses, Bird will be positioned to deliver a robust suite of services and leverage strong cross-selling opportunities with major clients across Canada. We are confident in the opportunities this transaction creates for our employees and our clients, and we expect long-term value creation for all of our stakeholders," Teri McKibbon, Bird President and CEO.

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