Bird Secures $470 Million in Project Awards, Bolstering Diversified Growth Strategy

MISSISSAUGA, Ontario, March 05, 2025 (GLOBE NEWSWIRE) -- bird Construction Inc. (TSX: BDT) is thrilled to announce that it has secured a total of five projects with a combined value of approximately $470 million. These projects span across various sectors, reinforcing Bird's diversified growth strategy and commitment to sustainability.

Bird, in collaboration with a joint venture, has been awarded its first Integrated Project Delivery (IPD) contract model in atlantic Canada. Through a shared-risk framework, transparent communication, and an integrated approach to decision-making, the IPD team will work together to deliver a 100,000 sq. ft. combined office and maintenance depot. Designed to achieve Zero Carbon, the approximately $70 million facility will be partially powered by a 260KW solar array, with plans for expansion to 600KW. This project aligns with Bird's long-term commitment to environmental responsibility and ESG principles.

Bird, through an Indigenous-led joint venture, Makhos Bird Joint Venture (MBJV), has been awarded contracts for the design and construction of two buildings for Ontario Power Generation (OPG). These projects, totaling approximately $120 million in aggregate, underscore the strength of Bird and MBJV's relationship with OPG and Bird's Indigenous partners. The projects support ongoing nuclear operations and refurbishment activities, contributing to the province's growing electrification needs.

Bird's recently acquired subsidiary, Jacob Bros Construction, has been awarded the Highway 1 Bus-On-Shoulder Lanes project by the Government of B.C. This $55 million project will widen nearly four kilometres of Highway 1 between the McKenzie and Colwood interchanges, adding continuous bus-on-shoulder lanes to enhance rapid transit services and reduce congestion. The project also includes a new pedestrian and cyclist bridge, ecological restoration works, and upgraded bus stops. This project demonstrates Bird's commitment to sustainable infrastructure development and community enhancement.

Bird's industrial maintenance, repair, and operations ("MRO") team has secured two significant contract awards totalling approximately $100 million. These awards reinforce Bird's position as a leader in the industrial maintenance sector and align with its strategic plan for MRO, focusing on organic growth with existing clients and expanding into new strategic regions and markets across the country.

Bird has completed the validation stage on an IPD project to deliver the redevelopment of a major recreational centre in Kelowna, B.C. The completed facility will substantially increase athletic and aquatic space, offer three times as many programs, and include a dedicated childcare space. The redevelopment is part of a larger Building a Stronger Kelowna initiative, and Bird's portion of the project is expected to approximate $125 million. This project showcases Bird's expertise in collaborative contracts and its commitment to community development.

"Bird continues to win work across our industrial, buildings and infrastructure businesses in key strategic market sectors that remain economically resilient, building on the Company’s strong client relationships and forging new ones," stated Teri McKibbon, President & CEO of Bird. "These awards highlight the scope of Bird’s capabilities, adding to the Company’s combined backlog of nuclear, healthcare, horizontal infrastructure and industrial maintenance work, while expanding Bird’s expertise in collaborative contracts."

This press release contains forward-looking information (as defined in applicable Canadian securities legislation) that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance, or achievements to materially differ from those expressed or implied by the forward-looking information.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information, contact:
T.L. McKibbon, President & CEO or
W.R. Gingrich, CFO
Bird Construction Inc.
5700 Explorer Drive, Suite 400
Mississauga, ON L4W 0C6
Phone: (905) 602-4122

About Bird Construction
Bird (TSX: BDT) is a leading Canadian construction and maintenance company operating from coast-to-coast-to-coast. Servicing all of Canada's major markets through a collaborative, safety-first approach, Bird provides a comprehensive range of construction services, self-perform capabilities, and innovative solutions to the industrial, buildings, and infrastructure markets. For over 100 years, Bird has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders. www.bird.ca