BLACK DIAMOND BUYS KITIMAT SPACE RENTAL UNITS

July 12, 2024

Black Diamond Lodging specializes in providing workforce housing solutions and related services for a diversified client base throughout Canada, the United States, and Australia. Photo credit: BlackDiamondLodging.com

KITIMATBlack Diamond Group has announced they have purchased 329 space rental units for $20.45 million that are primarily located in Kitimat.

In connection with the asset purchase, which is aligned with its Western Canadian Modular Spaces Solutions strategy, and they’ve announced an agreement with Gitxaala Enterprises Limited Partnership, the economic operating arm for the Gitxaala Nation.

“We are pleased to be working with the Gitxaala Nation and look forward to potential future opportunities to partner with Gitxaala Enterprises across Gitxaala traditional territories in British Columbia,” says Trevor Haynes, CEO of Black Diamond Group Limited. “This fleet of high-quality space rental assets were all built within the last five years and will fit seamlessly into our active Western Canadian MSS business across British Columbia and the Prairies, while driving continued rental revenue growth.”

Linda Innes, Chair, Gitxaala Enterprises Limited Partnership, notes “We are pleased to enter into this agreement with Black Diamond Group and look forward to working collaboratively on projects in Gitxaala territory in the future,” says Linda Innes, Chair, Gitxaala Enterprises Limited Partnership.

Black Diamond is a specialty rentals and industrial services Company with two operating business units – Modular Space Solutions (MSS) and Workforce Solutions (WFS) that operates in Canada, the United States, and Australia.

Through its principal brands, BOXX Modular, MPA, Schiavi and CL Martin, MSS 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 Lodging & Accommodations, owns a large rental fleet of modular accommodation assets of all types and sizes. 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.

Business Examiner Staff

 

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