Bird Construction Acquires Fraser River Pile & Dredge from TriWest Capital Partners

Bird Construction Acquires Jacob Bros Construction for $135 Million

June 10, 2024

Construction

Bird Construction Inc. (TSX: BDT) entered into a definitive agreement to acquire Surrey, British Columbia–based Jacob Bros Construction for an estimated aggregate consideration of $135 million, comprising cash, shares and assumed equipment debt. The acquisition establishes Bird in BC's civil infrastructure market, adds self-perform capability and scale (Jacob Bros: ~350+ employees, ~$300M revenue) and is expected to be approximately 10% accretive to Bird's full-year adjusted EPS.

Bird Construction Acquires NorCan Electric Inc.

January 18, 2024

Industrial Services

Bird Construction Inc. (TSX: BDT) has acquired the assets of NorCan Electric Inc. for $11 million, in a tuck-in to its Stuart Olson industrial services subsidiary. The deal expands Bird's electrical and instrumentation capabilities, adds up to 450 electricians serving the Regional Municipality of Wood Buffalo (Alberta), and supports recurring MSA revenue streams; the purchase was financed ~85% with debt and the balance with Bird treasury shares.

The Riverside Company Acquires PFB Corporation

December 17, 2021

Building Products

An affiliate of The Riverside Company completed the acquisition of PFB Corporation (TSX: PFB) by way of a court-approved plan of arrangement, with PFB shareholders receiving CAD 24.10 per common share. The transaction closes PFB’s TSX listing and positions Riverside to support PFB’s growth in Canada and the United States across its EPS insulation, structural insulated panels and engineered geotechnical product lines.

Nine Point Eight Capital Acquires DRC Construction Services

January 1, 2022

Construction

Nine Point Eight Capital has acquired DRC Construction Services, a Colorado-based provider of maintenance, repair and rehabilitation services for sewer, storm and wastewater utilities. SDR Ventures served as exclusive sell-side advisor; DRC is a second-generation woman-owned business led by President Brittany Carroll and will join Nine Point Eight Capital as it expands its lower-middle-market platform investments.

TriWest Capital Partners Acquires Majority Stake in Phoenix Fence Corp.

February 7, 2023

Building Products

TriWest Capital Partners has acquired a majority interest in Phoenix Fence Corp., a manufacturer, distributor, and installer of fencing products based in Edmonton, Alberta. The transaction marks TriWest's sixth platform investment from its 2021 Growth Fund and aims to support Phoenix Fence's growth and diversification across commercial, industrial, and residential markets in Western Canada.

Wind River Environmental Acquires B & P Environmental

April 5, 2023

Environmental Services

Wind River Environmental, a Marlborough, Massachusetts-based environmental services platform backed by Gryphon Investors, has acquired B & P Environmental of Crofton, Maryland. The add-on expands Wind River’s non-hazardous liquid waste and wastewater services footprint into Maryland and brings B & P’s municipal, industrial and commercial customer base and technical team into Wind River’s platform.