Bird to acquire Surrey-based civil-infrastructure company

Posted on June 13, 2024

Bird Construction Inc. announced earlier this week that it plans to acquire a BC-based civil-infrastructure company.

The firms entered into an agreement that will see Bird acquire Jacob Bros Construction for an estimated fee of $135 million. Pending relevant regulatory approvals and closing conditions, the transaction is expected to be completed early in the third quarter of 2024.

Headquartered in Surrey, BC, Jacob Bros is a privately-owned civil infrastructure construction business with self-perform capability. The company serves public and private clients across the region with a workforce of more than 350 personnel, and performs a wide array of projects, such as airports, seaports, rail, bridges and structures, earthworks, energy projects, and utilities.

Jacob Bros’ two shareholders, Scott Jacob and Todd Jacob will join Bird to lead the combination of Bird’s Western Infrastructure business and their existing business.

“The acquisition of Jacob Bros, a full-service infrastructure provider in BC, represents a significant milestone in the evolution of our business, establishing a broader and more diversified operation. The company brings a strong market reputation, highly skilled team, and proven track record for delivering complex projects to sophisticated, long-term clients,” said Bird President and CEO Teri McKibbon. “The combined company will have a greater platform from which it will be able to access larger-scale projects and expand career opportunities for employees. The acquisition will enable Bird to advance our strategic focus on complex work in high-demand, higher-margin self-perform sectors, which we expect will contribute to continued margin enhancement.” 

Jacob Bros has been recognized as a top employer in both BC and Canada.