Black Diamond acquires modular space solutions assets in British Columbia

On July 2, 2024, Black Diamond Group Limited (“Black Diamond”) announced the closing of its asset purchase of 329 space rental units, plus ancillary assets for C$20.45 million in cash, funded through Black Diamond’s existing asset-based lending facility. The assets are primarily located in Kitimat, British Columbia and are well-suited to service Black Diamond’s broad Western Canadian Modular Space Solutions markets where they continue to see healthy demand related to construction and infrastructure.

In connection with the asset purchase, Black Diamond also announced an agreement with Gitxaala Enterprises Limited Partnership, the economic operating arm for the Gitxaala Nation.

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

Black Diamond owns and operates a portfolio of businesses specializing in modular buildings and remote and temporary workforce housing solutions, along with a digital marketplace for business-to-business crew travel management.