February 4, 2013
Bird Construction Inc. acquires Nason Contracting Group Ltd.
Bird Construction Inc. has completed its previously announced acquisition of all of the outstanding shares of Nason Contracting Group Ltd. The total cost of the acquisition, including transaction expenses, will be approximately $13.3 million.
A leader in the construction of water and wastewater facilities in Western Canada, Nason has a 40-year track record of successful projects throughout Alberta, British Columbia, Saskatchewan and the Yukon and Northwest Territories. The company's head office, shops and yard are located in St. Albert, Alta.
Nason performs the majority of its work with its own forces and has particular strength in the execution of mechanical, electrical and instrumentation work. Bird said the company has a highly-skilled staff of more than 65 professional and craft employees. Nason's management team members will remain as employees and will assist Bird in the management of Nason's ongoing operations.
"The completion of this transaction continues Bird's ongoing focus to grow the company by looking for strategic opportunities to complement our current market scope," said Tim Talbott, president and CEO of Bird. "The addition of Nason's strong contracting capabilities in their area of specialization and their qualified construction professionals to the Bird organization will enhance the value that Bird provides to its shareholders."
Nason's primary expertise is in the mechanical, electrical and instrumentation aspects of water and wastewater projects, whereas Bird's expertise lies in the general contracting of such projects and in the self-performance of the civil and underground portions of the projects.
Bird said its general contracting and civil construction expertise will allow Nason to expand its operations. As well, Bird's expertise in design-build projects will provide further growth opportunities for Nason, particularly as it relates to the public-private partnership delivery method which is a growth area in the water and wastewater market.
In addition, Nason's business is focused on the public market. Bird's contacts and expertise in the industrial market will open up new opportunities for both companies. Nason has extensive experience working on remote job sites which will be a particular advantage servicing the resource market. Bird said.
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