Bird Construction Inc. has announced a strategic acquisition of NorCan Electric Inc., a leading Alberta electrical service provider, for a total consideration of $11 million. This acquisition is a significant move for Bird Construction, as it enhances the company’s electrical contracting capabilities and contributes to its recurring Managed Service Agreement (MSA) revenue. The purchase of NorCan Electric aligns with Bird’s growth strategy, bolstering its capabilities and capacity in the industry. This acquisition is expected to positively impact Bird’s earnings per share by $0.04 in 2024, marking a noteworthy enhancement in its financial performance. The integration of NorCan’s assets and expertise into Bird Construction’s operations represents a substantial step forward in the company’s expansion and service offering, positioning it for continued success and growth in the construction sector.

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