Baker Tilly Capital facilitates Jacob Bros sale to Bird Construction

Vancouver, B.C. – Baker Tilly Canada Capital is pleased to announce the sale of Jacob Bros Construction (Jacob Bros) to Bird Construction Inc. (TSX: BDT) (Bird). Baker Tilly Capital was the exclusive financial advisor to Jacob Bros and its shareholders.

Bird has entered into a definitive share purchase agreement under which it will acquire Jacob Bros for an estimated aggregate consideration of $135 million CDN. Headquartered in Surrey, B.C., Jacob Bros is a privately owned civil infrastructure construction business with self-perform capability, serving public and private clients across the region. Its portfolio ranges from airports, seaports, rail and bridges to smaller, specialized building construction projects that require innovative, purpose-built solutions. Operating with a strong, people-first culture, it has been recognized as a top employer in both B.C. and Canada.

“Great businesses like Jacob Bros are rare. The leadership team has built a fantastic company with a reputation for first-class quality, getting projects done right and operating with respect and transparency,” explains Mike McIsaac, Baker Tilly Capital’s managing director. “It has been a pleasure for our team at Baker Tilly to help transition Jacob Bros into its next phase and partnership with Bird. This transaction ensures its continuance forward under aligned cultures, while opening opportunities to pursue larger civil infrastructure projects.”

Bird is a Canadian construction and maintenance company operating coast to coast. It provides a comprehensive range of construction services, self-perform capabilities and innovative solutions to the industrial, buildings and infrastructure markets. For more than 100 years, Bird has been a people-focused company with an unwavering commitment to safety and a high level of service.

The partnership with Bird represents a significant milestone and new chapter for Jacob Bros, explains Todd Jacob, COO of Jacob Bros.

“We are confident that there is a great ‘fit’ between Jacob Bros and Bird that will enable us to continue to build on our reputation for delivering an increasingly diverse portfolio of projects,” he says. “Baker Tilly Capital was instrumental in guiding us through a process that was both unfamiliar and vital to developing the best path forward for the business and our people.”

Read more about the transaction HERE.

Baker Tilly Canada Capital is a national advisory practice focused on facilitating business transactions for its clients. Baker Tilly Capital’s dedicated and experienced corporate finance team provides sell- and buy-side transaction services, debt restructuring, as well as specialized tax and valuation services.