Business
Bird and Stuart Olson Complete Transaction, Creating a New Canadian Construction Industry Leader
Bird and Stuart Olson Complete Transaction, Creating a New Canadian Construction Industry...
About this update from Bird Construction Inc.
[{"type":"text","content":"BDT-StuartOl-Transact\n \n \n \n Bird and Stuart Olson Complete Transaction, Creating a New Canadian Construction Industry Leader\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n MISSISSAUGA, ON, Sept. 25, 2020\n \n \n \n \n \n Bird Welcomes Employees, Clients, Shareholders and All Other Stakeholders to this Dynamic New Company\n \n \n \n \n MISSISSAUGA, ON\n \n ,\n \n Sept. 25, 2020\n \n /CNW/ - Bird Construction Inc. (\"Bird\") (TSX: BDT) and Stuart Olson Inc. (\"Stuart Olson\") (TSX: SOX) are pleased to announce the previously announced transaction to acquire Stuart Olson has been successfully completed.\n \n \n \n \n \n \n \n \n \n \"This is a tremendously exciting day as two great organizations have come together to form a Canadian construction industry leader that is poised to excel across diversified services, end-markets and geographies,\" said\n \n Teri McKibbon\n \n , President and CEO of Bird. \"Everything about this combination – from an operating, financial and cultural perspective – works, where the result is greater than the sum of the individual parts. Our two organizations have worked exceptionally well on the integration, and we will hit the ground running; I am grateful for all of our team members who were involved in successfully closing this transaction and for our dedicated field teams who continue to move our projects forward across the country. We welcome each of you - our employees, shareholders, clients, trade partners, suppliers, and other stakeholders - to this dynamic new company. One rich with opportunity for our people and our customers, and well-positioned to play a major role in the Canadian construction industry, creating long-term value for all stakeholders for decades to come.\"\n \n \n The completion of the transaction results in Bird having a total of 53,038,919 common shares issued and outstanding. Bird's fiscal fourth quarter commences on\n \n October 1, 2020\n \n and this will be the first full financial reporting period for the combined busines...