Ontario Construction News staff writer
Toronto-based Bird Construction Inc. plans to acquire Jacob Bros Construction Inc. of Surrey, B.C., for an estimated aggregate consideration of $135 million, to expand its civil infrastructure business.
The deal is an alignment with Bird’s strategy of targeting higher-performing, culturally aligned, complementary businesses that can offer cross-sell opportunities, the company said in a statement on Tuesday (June 11).
Jacob Bros has a strong track record of delivering complex infrastructure projects across the region with a focus on airports, seaports, rail, bridges, structures, earthworks, energy projects, and utilities, Bird said.
The acquisition will enhance Bird’s infrastructure capabilities and allow it to further pursue growth opportunities in the civil infrastructure sector, the statement says.
It will also increase Bird’s revenue generated by infrastructure projects and help it to achieve its goal of becoming a national full-service civil infrastructure provider through the expansion of its civil capabilities into Western Canada.
Teri McKibbon, president and CEO of Bird, said: “We are really pleased that Scott and Todd Jacob will be bringing their comprehensive experience to the Bird team. The acquisition of Jacob Bros, a full-service infrastructure provider in BC, represents a significant milestone in the evolution of our business, establishing a broader and more diversified operation.
“The company brings a strong market reputation, highly skilled team, and proven track record for delivering complex projects to sophisticated, long-term clients. With access to Bird’s resources, we will be able to build on our success and accelerate our growth and capacity as one of Western Canada’s most respected builders of public and private infrastructure.”
Todd Jacob, COO of Jacob Bros, said: “Today is a momentous day for Jacob Bros as we become part of the Bird Construction team – one of Canada’s oldest and most respected brands in the construction industry. Bird shares many of our core values and our cultural attributes, and will be a great fit for our people and our clients. With access to Bird’s resources, we will be able to build on our success and accelerate our growth and capacity as one of Western Canada’s most respected builders of public and private infrastructure.”