Black Diamond Group Limited Announces Atlantic Canada Expansion
January 17 2023 - 5:00PM
Black Diamond Group Limited (“Black Diamond” or the “Company”)
(TSX: BDI), a leading provider of space rental and workforce
accommodation solutions, today announced plans to expand into the
Atlantic region of Canada with the opening of a BOXX Modular branch
in Moncton, New Brunswick and a Black Diamond Camps business
development office.
“With this expansion we will be well positioned
to service our existing national customers in this, as well as all
other regions in Canada. In addition, we look forward to bringing
our industry leading solutions for temporary and permanent
buildings, utilizing the efficiency and flexibility of modular
structures, to locally based businesses in the construction,
education, infrastructure, government, and resources industries,”
said Trevor Haynes, Black Diamond’s Chairman & CEO. “We will
have the first deployment of new space rental assets in the
Atlantic market this spring and have already begun servicing
workforce housing customers in the region with modular camp assets
relocated and operating in the area.”
The Company’s business in the region will be led
by Ray Girouard, Senior Business Development Lead, Atlantic
Canada.
“With Ray’s over 20 years of experience in the
industry and region, and his connection to the local business
communities, we expect to quickly establish ourselves as a valuable
partner to industry and deliver differentiated solutions with
best-in-class customer service,” said Haynes.
This decision to expand into Atlantic Canada
aligns with the Company’s strategy of further geographic
diversification, organic growth of our Modular Space Solutions
fleet and diversification of the Workforce Accommodation
business.
“This builds on our successful track-record over
the past several years of delivering value to both our customers
and stakeholders,” said Haynes. “With strong economic indicators in
the region, and our approach of disciplined execution and
measurable accountability, we’re excited about the prospects of
this growth opportunity.”
About Black Diamond
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, Schiavi and CL
Martin, 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, through its principal brands, Black
Diamond Camps and Black Diamond Energy Services, 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.
Investor and Media
InquiriesJason Zhang at 403-206-4739
or investor@blackdiamondgroup.comEmma Covenden at 403-718-5062
or media@blackdiamondgroup.com
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Cautionary Note
Regarding Forward-Looking Statements
Certain information set forth in this news
release contains forward-looking statements. Although Black Diamond
believes that the expectations reflected in the forward-looking
statements contained in this news release, and the assumptions on
which such forward-looking statements are made are reasonable,
there can be no assurances that such expectations or assumptions
will prove to be correct. Readers are cautioned that assumptions
used in the preparation of such statements may prove to be
incorrect. Events or circumstances may cause actual results to
differ materially from those predicted, as a result of numerous
known and unknown risks, uncertainties and other factors, many of
which are beyond the control of Black Diamond. These risks include,
but are not limited to: the impact of general economic conditions,
industry conditions, fluctuation of commodity prices, the Company's
ability to attract new customers, failure of counterparties to
perform on contracts, industry competition, availability of
qualified personnel and management, timely and cost effective
access to sufficient capital from internal and external sources,
political conditions, dependence on suppliers and stock market
volatility. The risks outlined above should not be construed as
exhaustive. Additional information on these and other factors that
could affect Black Diamond's operations and financial results are
included in Black Diamond's annual information form for the year
ended December 31, 2021 and other reports on file with the Canadian
Securities Regulatory Authorities which can be accessed on SEDAR.
Readers are cautioned not to place undue reliance on these
forward-looking statements. Furthermore, the forward-looking
statements contained in this news release are made as at the date
of this news release and Black Diamond does not undertake any
obligation to update or revise any of the forward-looking
statements, except as may be required by applicable securities
laws.
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