Bird Bolsters Capabilities, Capacity, and Recurring Revenue With Agreement to Acquire Leading Alberta Electrical Service Provider
Acquiring Company
Bird Construction
Acquired Company
NorCan Electric
MississaugaFort McMurrayConstructionBuilding MaintenanceCivil EngineeringAppliances, Electrical, and Electronics ManufacturingDescription
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.
Quick answer
Bird Construction is acquiring NorCan Electric, announced January 18, 2024. Bird Construction is based in Mississauga, Ontario, Canada.
- How much did Bird Construction pay for NorCan Electric?
- The deal value was not disclosed.
- What does Bird Construction do?
- Bird (TSX: BDT) is a leading Canadian construction company operating from coast-to-coast and servicing all of Canada's major markets.
- Where are Bird Construction and NorCan Electric based?
- Bird Construction is based in Mississauga, Ontario, Canada. NorCan Electric is based in Fort McMurray, Alberta, Canada.
Source: Fundz verified event record.
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Frequently asked
Who acquired NorCan Electric?
NorCan Electric was acquired by Bird Construction, based in Mississauga. The deal was reported on January 18, 2024. Bird (TSX: BDT) is a leading Canadian construction company operating from coast-to-coast and servicing all of Canada's major markets. Bird Construction is privately held and operates in Construction.
When did Bird Construction acquire NorCan Electric?
Bird Construction's acquisition of NorCan Electric was reported on January 18, 2024. 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. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does NorCan Electric do?
NorCan is a leading electrical and instrumentation contractor with up to 450 electricians providing maintenance turnaround and sustaining capital services in the Regional Municipality of Wood Buffalo in Alberta. It is privately held, operating in Appliances, Electrical, and Electronics Manufacturing, and is based in Fort McMurray.
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