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Stuart Olson snags $550-million services contract

DCN-JOC News Services
Stuart Olson snags $550-million services contract

CALGARY — Stuart Olson Industrial Projects Inc. has won a five-year contract worth $550 million to provide maintenance, repair and operations (MRO) services for an industrial customer in Alberta.

Stuart Olson, a subsidiary of Bird Construction, will deliver maintenance services, turnarounds and capital construction projects for multiple sites.

“Our industrial maintenance team has maintained a best-in-class service offering in addition to a focus on an unparalleled client-first relationship. I am proud to see their hard work recognized through the renewal of this significant contract for an additional five years,” said Teri McKibbon, president and CEO of Bird, in a statement. “One of the key pillars of our company’s growth strategy is to continue to increase our recurring revenue streams as they reduce seasonality and provide good visibility over time.”

Bird acquired Stuart Olson last year in a $96.5 million deal.

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