Bird Construction in its acquisition of Jacob Bros Construction for $135 million

On June 10, 2024, Bird Construction announced it had entered into a definitive share purchase agreement to acquire Jacob Bros Construction for approximate aggregate consideration of $135 million. The purchase price is comprised of 1.49 million of Bird’s common shares having a value of approximately $33.8 million, approximately $97.2 million of cash and an estimated $4 million of assumed equipment debt.

The acquisition supports Bird Construction’s efforts to establish and diversify within British Columbia and grow Bird’s civil infrastructure capabilities, with a high demand civil infrastructure market in B.C.

Bird Construction is a leading Canadian construction and maintenance company, providing a comprehensive range of construction services, self-perform capabilities, and innovative solutions to the industrial, buildings, and infrastructure markets.

Jacob Bros Construction is a privately-owned civil infrastructure company. Osler, Hoskin & Harcourt LLP advised Bird Constructionwith a team consisting of James Brown and Sydney McKibbon (Corporate), Kim Maguire and Emily Gilmour (Tax), Shaun Parker and Abigail Omale (Employment), Andrea Boctor (Pensions), Alison Hayman (Intellectual Property), Anousheh Torabi and Matthew Li (Real Estate) and Sergey Stefanishin and Asma Bouali (Osler Works- Transactional).