Bird buying B.C. civil contractor

Bird Construction Inc. has entered into a definitive share purchase agreement to acquire Jacob Bros Construction, a privately-owned civil infrastructure construction business headquartered in Surrey, B.C.

Jacob Bros serves public and private clients across Western Canada specializing in civil infrastructure construction across a wide array of projects, such as airports, seaports, rail, bridges and structures, earthworks, energy projects, and utilities. The company has a workforce of over 350 salaried, hourly and craft personnel. Jacob Bros’ two shareholders, Scott Jacob, CEO and Todd Jacob, COO, will join Bird to lead the combination of Bird’s Western Infrastructure business and their existing business.

“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 B.C., represents a significant milestone in the evolution of our business, establishing a broader and more diversified operation,” stated Teri McKibbon, president and CEO of Bird. “The company brings a strong market reputation, highly skilled team, and proven track record for delivering complex projects to sophisticated, long-term clients.”

Together with other recent acquisitions in Ontario, Jacob Bros brings Bird closer to its goal of establishing a national full-service civil infrastructure footprint through the expansion of civil capabilities into the largest market in Western Canada.

“The combined company will have a greater platform from which it will be able to access larger-scale projects and expand career opportunities for employees,” continued McKibbon. “The acquisition will enable Bird to advance our strategic focus on complex work in high-demand, higher-margin self-perform sectors, which we expect will contribute to continued margin enhancement.”

“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,” stated Scott Jacob. “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.”

“We are excited about the opportunity to leverage the synergies between Jacob Bros and Bird to service a wider range of projects and customers and to continue to grow the brand,” added Todd Jacob.

The $135-million deal, which includes $33.8 million in Bird stock, $97.2 million in cash and assumption of some equipment-related debt, is expected to close in the third quarter of 2024.

www.bird.ca