Bird targets growth as construction firm buys Fraser River Pile & Dredge

AI Article Summary
Bird Construction Inc. is acquiring Fraser River Pile & Dredge (FRPD) for an estimated $82.3 million, aiming to finalize the deal in early Q4 of 2025, subject to regulatory approvals. Fraser River Pile & Dredge, established in 1911 and based in New Westminster, B.C., specializes in marine construction, land foundation, and dredging, providing its services across Canada. This acquisition adds unique self-perform capabilities to Bird's portfolio, enhancing its ability to undertake larger projects nationwide. The merger is seen as a significant step forward in the growth strategies of both companies.