Mullen Group Ltd. has signed a letter of intent to acquire Smook Bros. of Thompson, Man., a privately owned construction firm with a key position in the energy, natural resources and government sectors in northern Manitoba.
OKOTOKS, Alta.
Mullen Group Ltd. has signed a letter of intent to acquire Smook Bros. of Thompson, Man., a privately owned construction firm with a key position in the energy, natural resources and government sectors in northern Manitoba.
Mullen expects Smook will add about $40 million in annual revenues.
“Smook represents a new growth platform for our organization and expands upon our service offerings to the energy and natural resource sectors,” said Murray Mullen, chairman and chief executive officer of the Mullen Group.
Smook will work closely with Mullen Group’s largest subsidiary, Winnipeg-based Kleysen Group LP, to address the Manitoba market.
“Northern Manitoba is a growing market and Thompson is the ‘Hub of the North,’ ” said Jeff Kleysen, president of Kleysen.
“This region continues to see a great deal of investments into hydro-electricity projects, natural resources and infrastructure development. Kleysen and Smook service many of the same customers and I look forward to working closely with their team.”
DCN News Services
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