Black Diamond completes strategic acquisition of Royal Camp Services

Torys acted as counsel to Black Diamond with a team that included Scott Cochlan, Janan Paskaran, Tanis Makowsky, Aleem Merali, Chiara Lasquety, Charlotte Hardwicke-Brown and Olivier Organowski (corporate/M&A), Omar Wakil, Ian Li and Robin Asgari (competition), Tom Stevenson and Parker Baglole (employment), Ed Fan and Mavra Chaudhury (IP and privacy), Tyson Dyck and Caroline Marful (environmental), Andrew Bedford and Laura Parvan (real estate) and Craig Maurice (tax).

On November 12, 2025, Black Diamond Group Limited (“Black Diamond”) announced the closing of the previously announced definitive share purchase agreement to acquire all of the issued and outstanding shares of Royal Camp Services Ltd. (“Royal”) for approximately C$165.8 million, subject to adjustment.

Under the terms of the share purchase agreement, announced on September 22, 2025, the purchase price was comprised of approximately C$150 million in cash and 1,377,911 common shares of Black Diamond at C$12.08 per share. The cash portion of the purchase price was drawn from Black Diamond’s asset-based credit facility.

Further information can be found on Globe Newswire’s website.

Black Diamond is a leading provider of workforce accommodation, modular buildings, energy services, and full turnkey lodging and major project solutions including planning and management, logistics, and catering to customers in Canada, the United States and Australia.

Royal Camp is Western Canada’s premier remote accommodation and catering solution. It offers its customers modern structures, turnkey solutions, world-class catering and unsurpassed amenities.