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Posts Tagged ‘Black Diamond Group’

Modular Home Builder Faces the Music

April 21st, 2017 Comments off
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Credit: Infotel CA.

In Penticton, British Columbia, Canada, modular building manufacturer Britco laid off most of its employees earlier this month, in what the company is calling a “curtailing.”

According to Infotel CA, Western One, Britco’s parent company, announced the sale of Britco’s rental and U.S. manufacturing businesses on March 6 to Black Diamond Group, along with a group of investors led by Britco USA’s management team.

Black Diamond Group provides workforce accommodation, modular buildings, energy services, and full turnkey lodging and major project solutions including planning and management, logistics, and catering to customers in Canada, the United States and Australia.

Western One is evaluating strategic options for Britco’s Canadian manufacturing operations, which continue to be negatively impacted by the recent downturn in western Canadian markets,” the company said in a press release at the time.

About one month later, Western One announced an agreement with Triple M Modular Ltd. to buy Britco’s Canadian operations.

The layoffs in Penticton were announced the same day.

WESTERNONE EQUITY INCOME FUND - Modular Manufacturing in Texas

Britco installs the first of 480 modules for a large energy company in Northern Alberta. The modules, which are currently being manufactured in Britco’s Agassiz and Penticton plants, consist of 200 square foot executive style accommodations for 880 employees, featuring private washrooms, flat screen TV’s and high-end hotel quality finishes. (Credits: CNW Group/WesternOne Equity Income Fund)

I can’t say how many employees are affected by the layoff, but a few employees are still at work reconfiguring production lines at the facility,” said Meghan Cairns, Britco Manager of Marketing and Communications.

We have curtailed our production line at the moment because we’re reconfiguring the plant to build both single family homes and commercial projects.”

Cairns was also careful to point out that the company hopes to bring back employees in the future, based on need.

We’re not shutting the doors, just a curtailing for now. We’re still committed to the Penticton community,” said Cairns.

The intent of the company is to reopen the plant, the future date of which is unknown at this point.”

More on Britco’s work in Canada, including their buildout of a workforce housing project in northern Alberta, Canada for Devon Energy Corp., is linked here.

For more on the Canadian Modular Market, including Enerdynamic Hybrid Technologies Corp. (EHT) and their goal to deliver 50,000 homes in the nation of Ivory Coast for a branch of its military, click here. ##

 

(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

 

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Black Diamond Betting on Continued Modular Growth

June 24th, 2014 Comments off

Calgary, Alberta, Canada-based Black Diamond Group has increased its credit facility from $145 million to $150 million with an accordion expansion option of up to $250 million, according to sys-con.com. Black Diamond provides remote modular lodging and workforce housing with associated services to a wide range of industries including oil and gas, mining, construction, military, educational, government and engineering. As MHProNews knows, the company has 50 percent equity partnerships with certain aboriginal groups, and operates out of 19 facilities in Canada, Australia and the United States. Company CEO Trevor Haynes says, “As we continue to see strong market conditions and pursue many significant opportunities in remote workforce accommodations and resource development in general, we are pleased to have the flexibility and potential access to additional capacity to fund our ongoing growth.” ##

(Photo credit: Black Diamond Group–BOXX Modular style units shown)

Black Diamond Contracts for Modular Workforce Housing in Northern British Columbia

May 26th, 2014 Comments off

MHProNews.com has learned Black Diamond Group Limited of Calgary, Alberta, Canada has inked a 1,244 person workforce camp contract for the Montney Shale region of northeastern British Columbia, expecting to generate $34 million over the three year term of the agreement. The first 622 beds will be installed during the second half of this year, with rent beginning in January, 2015. The second half of the housing is expected to be completed by April, 2015, according to marketwired.com. Black Diamond provides remote workforce housing and associated support services across Canada, the Unites States and Australia for numerous mining, construction, engineering, military, government and education entities. ##

(Image credit: globalregina.com–modular workforce housing, Canada)

Black Diamond Shareholders to Meet

April 1st, 2014 Comments off

Modular workforce supplier Black Diamond Group Limited (TSX:BDI) will hold its annual meeting of shareholders on Thursday, May 8 at the Calgary, Alberta, Canada Hyatt Regency, according to dcnonl.com. Through its direct and indirect wholly-owned subsidiaries, Black Diamond rents and sells modular workforce housing, and provides associated support services to a wide spectrum of industries, often in remote locales, through 19 locations in Canada, the U. S. and Australia, as MHProNews.com has learned. ##

(Photo credit: dl-online.com–Homark Homes–workforce housing)

Black Diamond to Webcast Annual Meeting

March 26th, 2012 Comments off

Canadian FlagCalgary-based Black Diamond Group Limited announced recently the company will webcast its 2012 Annual Meeting of Shareholders. The meeting will be held at 3:00 p.m. MDT on Wednesday, May 2, 2012 in the Devonian Room at the Calgary Petroleum Club at 319-5 Avenue S.W., Calgary, AB T2P 0L6. Those shareholders who are unable to attend may listen to a live audio webcast of the proceedings by following the appropriate link in the investor relations section of the Company’s website at www.blackdiamondlimited.com. Black Diamond Group Limited is one of North America’s fastest growing remote lodging, modular building and energy services companies. Black Diamond Camps rents and sells remote workforce housing and provides associated services, provides turnkey lodging services, remote facility management and supply chain solutions.

(Image Credit: Wikipedia)

Black Diamond Group Limited to Present at CIBC Whistler Investor Conference

January 19th, 2012 Comments off

Canadian FlagFrom Canada, MHProNews.com learns that Black Diamond Group Limited announced recently they will be presenting at the 15th Annual CIBC Whistler Institutional Investor Conference occurring today. Presenting for Black Diamond Group Limited will be Trevor Haynes, President and Chief Executive Officer. A live and archived webcast of the presentation will be available in the investor relations section of the Company’s website at blackdiamondlimited.com. Alberta-based Black Diamond Group Limited is a provider of temporary and permanent modular building and energy services products. The company operates three complementary divisions in thirteen strategic locations across Canada and USA.

(Image Credit: Wikipedia)