Local firms will keep its team and brand following $135M deal
A $1.5 billion Canadian construction company founded more than 100 years ago in Saskatchewan is expanding its reach and expertise through the acquisition of Surrey-based Jacob Bros Construction.
Headquartered in B.C.’s second-largest city, Jacob Bros is a private company owned by brothers Scott Jacob, who is CEO, and Todd Jacob, who is COO. “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,” said Bird Construction CEO Teri McKibbon.
“We see this as giving us some horsepower to make sure that the growth trajectory we’ve been on can continue. So it’s very much a growth and somewhat of a succession planning thing. The company is primarily a general contractor, though it also sometimes does some work as a subcontractor on bigger infrastructure projects, such as the Trans Mountain pipeline expansion.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Construction of kidney hemodialysis unit in Surrey, B.C., starts in August, Eby saysEby says the new unit at Surrey Memorial Hospital will add 21 renal hemodialysis beds to treat patients with kidney disease, bringing the hospital’s total to 60 stations
Read more »
Construction of kidney hemodialysis unit in Surrey, B.C., starts in August: EbySURREY, B.C. — British Columbia Premier David Eby says construction of an $85-million expansion of kidney hemodialysis services in Surrey is set to start in August.
Read more »
Construction of kidney hemodialysis unit in Surrey, B.C., starts in August: EbySURREY, B.C. — British Columbia Premier David Eby says construction of an $85-million expansion of kidney hemodialysis services in Surrey is set to start in August.
Read more »
Construction of kidney hemodialysis unit in Surrey, B.C., starts in August: EbySURREY, B.C. — British Columbia Premier David Eby says construction of an $85-million expansion of kidney hemodialysis services in Surrey is set to start in August.
Read more »
Jacob Bros acquisition comes down to culture and strategic growth: Bird CEOCanada's construction news
Read more »
Funding boost of $52M for Surrey schools amid overcrowding crunchThe funding will see the addition of 17 new classrooms at Old Yale Road Elementary, six classrooms at Latimer Road Elementary and 12 classrooms at William Watson Elementary.
Read more »