Black Diamond Group Limited Announces Strategic Acquisition of Ontario Based Modular Rental Company
CALGARY, Alberta, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Black Diamond Group Limited (Black Diamond or the Company or Management) (TSX: BDI), a leading provider of space rental and workforce accommodation, today announced the closing of a strategic acquisition (Acquisition or Target) within its Modular Space Solutions (MSS) segment.
- CALGARY, Alberta, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Black Diamond Group Limited (Black Diamond or the Company or Management) (TSX: BDI), a leading provider of space rental and workforce accommodation, today announced the closing of a strategic acquisition (Acquisition or Target) within its Modular Space Solutions (MSS) segment.
- The Target is a modular building rental company in Ontario with 1,851 units primarily focused on the education and government sector.
- Based on recently added assets and corresponding rental contracts, Management expects growth in Targets Adjusted EBITDA in 2023.
- Black Diamond is a specialty rentals and industrial services Company with two operating business units - Modular Space Solutions (MSS) and Workforce Solutions (WFS).