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Bird Construction (BDT:CA) to acquire Trinity Communication Services, a diversified telecommunication and utility infrastructure contractor.
The total consideration for the transaction is being funded 90% through cash on hand, with the balance coming from Bird common shares.
The transaction is expected to be accretive to EPS in 2023.
All transaction agreements have been completed, and the transaction will be effective on February 1, 2023.
“Trinity’s scalable operations align with our tuck-in M&A strategy to seek out high growth potential businesses with strong margin and cashflow profiles. To that end, we will progressively grow the business throughout our core markets, consistent with our successful track record on recent acquisitions,” said Teri McKibbon, President and CEO of Bird. “We are pleased to welcome Trinity’s team of industry experts to Bird and are excited to work closely as we continue to grow our portfolio of high-demand specialty services.”
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