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Black Diamond Group Limited Announces Asset Purchase and Partnership with Gitxaala Enterprises Limited Partnership

Black Diamond Group Limited Announces Asset Purchase and Partnership with Gitxaala Enterprises Limited Partnership

07/02/24, 11:07 AM
Money
$20.5 million
Industry
real estate
Type
partnership
Black Diamond Group Limited has closed an asset purchase of 329 space rental units and ancillary assets in Kitimat, British Columbia for $20.45 million in cash. In conjunction with the asset purchase, the Company has announced a partnership agreement with Gitxaala Enterprises Limited Partnership, the economic operating arm for the Gitxaala Nation.

Company Info

Company
Black Diamond
Additional Info
Black Diamond is a specialty rentals and industrial services Company with two operating business units - Modular Space Solutions (MSS) and Workforce Solutions (WFS). We operate in Canada, the United States, and Australia. MSS through its principal brands, BOXX Modular, Britco, MPA, and Schiavi, owns a large rental fleet of modular buildings of various types and sizes. Its network of local branches rent, sell, service, and provide ancillary products and services to a diverse customer base in the construction, industrial, education, financial, and government sectors. WFS owns a large rental fleet of modular accommodation assets of all types and sizes and a fleet of liquid and solid containment assets. Its regional operating terminals rent, sell, service, and provide ancillary products and services including turn-key operated camps to a wide array of customers in the resource, infrastructure, construction, 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.