VANCOUVER, BC, June 2, 2023
/CNW/ - Hillcore is pleased to announce that they have completed
the acquisition of the Thompson Construction Group.
Established in Barrhead, Alberta
in 1964 with a handful of employees and a couple pieces heavy
equipment, now headquartered in Spruce
Grove, Alberta since 1984 with over 1,500 employees and
2,000 pieces of equipment. Thompson is one of Western Canadas most
reputable and sought after heavy civil contractors focused on heavy
civil earth moving, infrastructure construction, oil sands
reclamation, plant construction, and workplace safety. With its
long standing 59+ year history, the Company has been instrumental
in developing and maintaining the infrastructure Western Canadian's
depend upon each day.
Hillcore, which has partnered with Thompson's existing senior
management team on the acquisition, will ensure Thompson's
long-standing history of operational excellence, safety, and
quality will continue. Hillcore will work with the management team
as it builds its service capacity to support its growing customer
base through capital expenditure, acquisition, and geographic
expansion plans.
Hillcore's Chairman Russell Negus
said, "We are excited to partner with such a great leadership team
and an industry leader and see tremendous opportunities to grow
this platform. We welcome Thompson's 1,500 employees to our
existing family of over 3,500 employees across our affiliated
businesses. Also, I'd like to give a special thanks to Larry Thompson for building such a great
business. We are committed to being first rate stewards and
custodians of this business as it continues to grow, providing
value for all its stakeholders."
Larry Thompson stated, "I am
thrilled that the Hillcore Group is dedicated to continue the
vision of Thompson, supporting all the great staff and clients in
the excellent work we do. I also want to thank all Thompson
employees past and present who have been instrumental in delivering
so many successful projects to our long list of great clients over
the years."
For more information, please visit:
www.thompsoncg.ca
The Hillcore Group
Hillcore Group is an active purchaser and operator of various
businesses across Canada, with a
focus on backing management buyouts.
The Hillcore Group is a leading independent Canadian investment
and advisory firm. We invest predominantly in the life sciences,
real estate, seniors living, financial, industrial, logistics,
forestry, and energy sectors. We have offices in Toronto, Vancouver, Edmonton, and Calgary. Through our various groups and
portfolio companies, we employ more than 5,000 people throughout
Canada.
Entities under our management have an asset value in excess of
$5 billion. Since 2005, we have
completed acquisitions, directly or indirectly through our
investment funds, with an aggregate asset value in excess of
$9 billion.
SOURCE Hillcore Group