Bird Construction Inc. Acquires Fraser River Pile & Dredge Inc.

Bird Construction Inc. (BDT:CA) has acquired Fraser River Pile & Dredge (GP) Inc. in a deal that expands the company's capabilities in the construction industry. The acquisition provides Bird Construction with access to new markets and customers, increasing its presence in the Canadian construction market. The deal is expected to enhance Bird Construction's capabilities in the dredging and marine construction sectors.

Bird Construction Inc. (BDT:CA) has made a significant move in the construction industry by acquiring Fraser River Pile & Dredge (GP) Inc. in a deal valued at C$82.3 million. The acquisition expands Bird Construction's capabilities in the dredging and marine construction sectors, enhancing its presence in the Canadian market.

Bird Construction, which specializes in infrastructure projects, announced the acquisition on September 2, 2025. The deal involves acquiring Fraser River Pile & Dredge, one of Canada's oldest and largest privately owned marine construction, land foundation, and dredging companies. The acquisition is expected to close early in the fourth quarter after regulatory checks.

The acquisition is part of Bird Construction's strategy to deepen its reach in specialized infrastructure projects across Canada. By bringing Fraser River Pile & Dredge on board, Bird Construction will strengthen its in-house skills on complex jobs, which should help boost profit margins and deliver steadier growth. The price tag—4.1 times Fraser River's projected 2025 adjusted EBITDA—signals Bird Construction's confidence in the company's growth prospects [2].

Bird Construction expects the acquisition to result in improved adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margins, benefiting from complex, specialized projects and self-perform work. It also forecasts a 7% adjusted earnings per share accretion on a full-year basis with the potential for further growth and margin expansion from cross-selling opportunities and other synergies [1].

The acquisition is expected to lift Bird Construction's adjusted earnings per share by around 7% after full integration, while future synergies could add even more upside. However, investors are on standby for signs that the deal will pay off, as shares slipped $0.20 to $22.98 after the news [2].

Bird Construction's move aligns with the broader trend in Canada's infrastructure scene, where there is rising demand for companies that can handle complex, end-to-end projects efficiently. By focusing on vertical integration and expert in-house teams, Bird Construction is positioning itself to compete for bigger, more technical projects.

References:
[1] https://www.marketwatch.com/story/bird-construction-shares-rise-on-c-82-3m-fraser-river-pile-dredge-acquisition-79a6777f
[2] https://finimize.com/content/bird-construction-expands-with-82-million-fraser-river-deal