MISSISSAUGA, ON, April 24,
2023 /CNW/ - Bird Construction Inc. (TSX: BDT)
announced today that it has been awarded $300 million in new work through master service
agreements ("MSA"). The awarded work includes a new seven-year MSA
for multi-disciplined bundled services across a client's
maintenance, turnarounds and sustaining capital programs. It also
includes a contract extension and added services and scope on
existing MSAs ranging from three to five years.
"Bird, through our wholly-owned Stuart Olson subsidiary, is a
tier-one industrial maintenance, repair, and operations ("MRO")
services organization. Our high-performing MRO team is consistently
recognized for their exemplary safety record and years of
experience on many major facilities for key clients," said Mr.
Teri McKibbon, President and CEO of
Bird. "These awards represent Bird's disciplined focus on expanding
core self-perform capabilities as well as service and sector
diversification, with clients in both the energy and mining
industries. The growth of our MRO business advances our strategic
priority to increase recurring revenue streams which provide
increased visibility to our future work program and contribute to
consistent organic growth."
This press release contains forward-looking information (as
defined in applicable Canadian securities legislation) that
involves known and unknown risks, uncertainties and other factors
which may cause actual results, performance, or achievements to
materially differ from those expressed or implied by the
forward-looking information.
The Toronto Stock Exchange does not accept responsibility for
the adequacy or accuracy of this release.
For further information, contact:
T.L. McKibbon, President & CEO or
W.R. Gingrich, CFO
Bird Construction Inc.
5700 Explorer Drive, Suite 400
Mississauga, ON L4W 0C6
Phone: (905) 602-4122
About Bird Construction Bird (TSX: BDT) is a
leading Canadian construction company operating from coast-to-coast
and servicing all of Canada's
major markets. Bird provides a comprehensive range of construction
services from new construction for industrial, commercial,
institutional, and civil infrastructure markets; to industrial
maintenance, repair and operations services, heavy civil
construction, and mine support services; as well as vertical
infrastructure including, electrical, mechanical, and specialty
trades. For over 100 years, Bird has been a people-focused company
with an unwavering commitment to safety and a high level of service
that provides long-term value for all stakeholders. www.bird.ca
SOURCE Bird Construction Inc.