Bird to Acquire B.C.-Based Civil Infrastructure Contractor for $135 Million, Expects Resulting 10% Full Year Adj. EPS Accretion

Provided By GlobeNewswire

Last update: Jun 10, 2024

TRANSACTION HIGHLIGHTS

MISSISSAUGA, Ontario, June 10, 2024 (GLOBE NEWSWIRE) -- Bird Construction Inc. (TSX: BDT) (“Bird” or “the Company”) announced today that it has entered into a definitive share purchase agreement (the “Agreement”) under which Bird will acquire Jacob Bros Construction (“Jacob Bros”) for estimated aggregate consideration of $135 million (the “Transaction”). The Transaction, pending relevant regulatory approvals and the satisfaction of other customary closing conditions, is expected to be completed early in the third quarter of 2024.