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Bird Bolsters Capabilities, Capacity, and Recurring Revenue With Agreement to Acquire Leading Alberta Electrical Service Provider

Jan 18, 2024•almost 2 years ago

Acquiring Company

Bird Construction

Acquired Company

NorCan Electric

MississaugaFort McMurrayConstructionAppliances, Electrical, and Electronics Manufacturing

Description

Bird Construction Inc. has successfully completed the acquisition of the assets of NorCan Electric Inc. This strategic acquisition bolsters Bird's capabilities, capacity, and recurring revenue in the electrical contracting sector. The acquisition is expected to enhance Bird's growth strategy and reinforce its commitment to safety, sustainability, and operational efficiency.

Company Information

Company

Bird Construction

Location

Mississauga, Ontario, Canada

About

Bird (TSX: BDT) is a leading Canadian construction company operating from coast-to-coast and servicing all of Canada's major markets. Bird provides a comprehensive range of construction services from new construction for industrial, infrastructure and institutional markets; to industrial maintenance, repair and operations services, heavy civil construction, and mine support services; as well as vertical infrastructure, including electrical, mechanical, and specialty trades. For over 100 years, Bird has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders. www.bird.ca

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed