Black Diamond Group Limited Announces Atlantic Canada Expansion
CALGARY, Alberta, Jan. 17, 2023 (GLOBE NEWSWIRE) — Black Diamond Group Limited (“Black Diamond” or the “Company”) (TSX: BDI), a leading provider of space rental and workforce accommodation solutions, today announced plans to expand into the Atlantic region of Canada with the opening of a BOXX Modular branch in Moncton, New Brunswick and a Black Diamond Camps business development office.
“With this expansion we will be well positioned to service our existing national customers in this, as well as all other regions in Canada. In addition, we look forward to bringing our industry leading solutions for temporary and permanent buildings, utilizing the efficiency and flexibility of modular structures, to locally based businesses in the construction, education, infrastructure, government, and resources industries,” said Trevor Haynes, Black Diamond’s Chairman & CEO. “We will have the first deployment of new space rental assets in the Atlantic market this spring and have already begun servicing workforce housing customers in the region with modular camp assets relocated and operating in the area.”
The Company’s business in the region will be led by Ray Girouard, Senior Business Development Lead, Atlantic Canada.
“With Ray’s over 20 years of experience in the industry and region, and his connection to the local business communities, we expect to quickly establish ourselves as a valuable partner to industry and deliver differentiated solutions with best-in-class customer service,” said Haynes.
This decision to expand into Atlantic Canada aligns with the Company’s strategy of further geographic diversification, organic growth of our Modular Space Solutions fleet and diversification of the Workforce Accommodation business.
“This builds on our successful track-record over the past several years of delivering value to both our customers and stakeholders,” said Haynes. “With strong economic indicators in the region, and our approach of disciplined execution and measurable accountability, we’re excited about the prospects of this growth opportunity.”
Black Diamond
Black Diamond is an industrial services and specialty rentals company that has two operating business units, Modular Space Solutions and Workforce Solutions. We have offices in Canada, Australia, and USA. MSS, through its main brands Britco, Britco and MPA, Schiavi, and CL Martin, has a large rental portfolio of modular buildings in various sizes and types. Its network of branches in local areas rent, sell, service and provide ancillary products to a variety of customer segments from the construction, financial, education and government sectors. Through its principal brands Black Diamond Camps, and Black Diamond Energy Services Black Diamond Camps, WFS has a large rental fleet that includes modular accommodation assets of various sizes, as well as liquid and solid containment assets. The regional operating terminals offer ancillary products and service to a broad range of customers from the resource, infrastructure, disaster recovery and education sectors. The WFS business unit also includes the Company’s wholly owned subsidiary, LodgeLink, which operates a digital marketplace for business-to-business crew accommodation, travel, and logistics in North America.
Learn more at www.blackdiamondgroup.com.
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Caution Take Note Concerning Forward-Looking Statements
Forward-looking statements are included in some information contained in this news release. Black Diamond believes these forward-looking statements and the assumptions underlying them are reasonable. However there is no guarantee that they will be correct. It is possible that the assumptions used to prepare such statements could prove incorrect. Black Diamond is not responsible for any untoward events or circumstances. These risks include, among others, the effects of general economic conditions, market conditions, fluctuation in commodity prices and the Company’s ability to attract customers, failure to perform on contracts by counterparties, industry competition, availability and management of qualified personnel and management, timely, cost-effective access to sufficient capital both internally and externally, political conditions, dependence upon suppliers, stock market volatility, and other factors. These risks should not be considered exhaustive. These and other factors could have a negative impact on Black Diamond’s operations or financial results. Additional information can be found in Black Diamond’s annual information form for 2021, which is available on SEDAR. These forward-looking statements should not be relied upon by readers. Black Diamond cannot revise forward-looking information, and the forward looking statements contained in this newsrelease are only current as of the date of this release.
