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.
Last month, Bird Construction Inc. (TSX: BDT), now headquartered in Ontario, announced it will acquire Jacob Bros for $135 million.
The acquisition must be cleared by the Canadian Competition Bureau and is expected to close in the third quarter of 2024.
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 company employs 350 people and specializes in heavy construction. For Bird, the acquisition gives
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