Bird Construction Acquires Jacob Bros Construction for $135 Million
June 10, 2024
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.
- Buyers
- Bird Construction Inc.
- Targets
- Jacob Bros Construction
- Sellers
- Scott Jacob (principal/shareholder), Todd Jacob (principal/shareholder)
- Industry
- Construction
- Location
- British Columbia, Canada
- Transaction Type
- Buyout
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