Bird and Stuart Olson Complete Transaction, Creating a New Canadian Construction Industry Leader
MISSISSAUGA, ON, Sept. 25, 2020 /CNW/ – Bird Construction Inc. (“Bird”;TSX: BDT) and Stuart Olson Inc. (“Stuart Olson”;TSX: SOX) are pleased to announce the previously announced transaction to acquire Stuart Olson has been successfully completed. “This is a tremendously exciting day as two great organizations have come together to form a Canadian construction industry leader that is poised to excel […]
Stuart Olson Announces Receipt of Securityholder Approval and Final Court Order Approving the Transaction with Bird Construction
CALGARY, AB, Sept. 18, 2020 /CNW/ – Stuart Olson Inc. (TSX: SOX) (“Stuart Olson” or the “Company”) today announced that it has obtained a final order from the Court of Queen’s Bench of Alberta approving the acquisition of Stuart Olson by Bird Construction Inc. (“Bird”) pursuant to an arrangement (the “Arrangement”) under the Business Corporations […]
Stuart Olson Announces Receipt Of Competition Approval Relating To The Transaction With Bird Construction And Positive Recommendations Of Independent Proxy Advisory Firms
CALGARY, AB, Sept. 8, 2020 Independent Proxy Advisory Firms Recommend Stuart Olson Shareholders Vote “FOR” the Transaction with Bird Construction Shareholders are encouraged to submit proxies in support of the Arrangement prior to the September 15, 2020 at 11:00 a.m. (MST) proxy vote deadline CALGARY, AB, Sept. 8, 2020 /CNW/ – Stuart Olson Inc. (TSX: SOX) (“Stuart Olson” or the “Company”) is pleased to […]
Stuart Olson Announces Receipt Of Interim Court Order, Special Meetings Of Security Holders And Mailing Of Management Information Circular
CALGARY, AB, Aug. 14, 2020 /CNW/ – Stuart Olson Inc. (TSX: SOX) (“Stuart Olson” or the “Company”) today announced that it has obtained an interim order from the Court of Queen’s Bench of Alberta in connection with its previously announced business combination with Bird Construction Inc. (“Bird”), pursuant to an arrangement under the Business Corporations Act (Alberta), in which Bird will acquire Stuart Olson for aggregate consideration […]
Stuart Olson Reports Second Quarter 2020 Results
CALGARY, AB, Aug. 12, 2020 /CNW/ – Stuart Olson Inc. (TSX: SOX) (“Stuart Olson” or the “Company”) today announced the financial results for the second quarter and first six months of 2020. “Our second quarter results reflect impacts to our business of the COVID-19 pandemic, including an 8% year-over-year decline in second quarter revenue to $220 million. However, […]
Bird And Stuart Olson Join Forces To Create A Leading Canadian Construction Company
Top 5 Canadian diversified infrastructure & construction services company Robust, diversified backlog greater than $3 billion Greater diversification across services, end-markets and geographies Strongly accretive to cash flows from operations before changes in non-cash working capital and Adjusted Earnings Per Share Strong pro forma balance sheet MISSISSAUGA, ON and CALGARY, AB, July 29, 2020 /CNW/ – Bird Construction Inc. (“Bird”) (TSX: BDT) […]
Stuart Olson to pay June 30, 2020 debenture interest in shares
CALGARY, AB, June 28, 2020 /CNW/ – Stuart Olson Inc. (TSX: SOX) (“Stuart Olson” or the “Company”) announces that it will pay the $2,450,000 June 30, 2020 interest payment on its 7.0% Convertible Unsecured Subordinated Debentures (the “Debentures”) through the issuance of shares from treasury pursuant to the agreement of the holders of the Debentures and […]
Stuart Olson Responds to Recent Market Activity
CALGARY, May 27, 2020 /CNW/ – Stuart Olson Inc. (TSX: SOX) (“Stuart Olson” or the “Company”) is issuing this press release at the request of the Investment Industry Regulatory Organization of Canada (IIROC), as a result of the recent increase in the trading price and volume of its common shares. The Company confirms that it is not aware of any undisclosed […]
Stuart Olson Reports on Voting Results from 2020 Annual and Special Meeting of Shareholders
CALGARY, May 20, 2020 /CNW/ – Stuart Olson Inc. (TSX: SOX) (“Stuart Olson” or the “Company”) held its annual and special meeting of shareholders on May 20, 2020 in Calgary, Alberta. A total of 13,432,608 shares, representing 48 per cent of shares outstanding were represented in person or by proxy. Shareholders approved all matters proposed before the annual and special meeting, […]
Stuart Olson Reports First Quarter 2020 Results
Revenue growth while realizing administrative cost savings Added approximately $385 million to consolidated backlog CALGARY, May 13, 2020 /CNW/ – Stuart Olson Inc. (TSX: SOX) (“Stuart Olson” or the “Company”) today announced first quarter 2020 financial results. “As we continue to navigate the challenges of operating under risks related to the COVID-19 pandemic, our safety-focused culture remains extremely committed to ensuring […]
Stuart Olson Awarded Three and a Half Year Contract for Industrial Services Valued at an Estimated $120 Million
CALGARY, May 13, 2020 /CNW/ – Stuart Olson Inc. (TSX: SOX) (“Stuart Olson” or the “Company”) today announced that its Industrial Group has been awarded a three and a half year contract valued at an estimated $120 million to provide turnaround and maintenance services to TransAlta Corporation’s Alberta thermal power plants. “This contract award represents an important win for our Industrial Group as […]
Stuart Olson Announces Release Date, Conference Call and Webcast for 2020 First Quarter Financial Results
CALGARY, May 4, 2020 /CNW/ – Stuart Olson Inc. (TSX: SOX) (“Stuart Olson” or the “Company”) today announced that it will release its financial results for the first quarter ended March 31, 2020 on or about Wednesday, May 13, 2020 after the close of the Canadian capital markets. Conference Call The Company will host a conference call and webcast to discuss its 2020 […]
Stuart Olson Reports Fourth Quarter and Full Year 2019 Results
Expect to build on $860 million of 2019 awards, with strong pipeline of opportunities to support stable and growing backlog Non-cash goodwill impairment impacts Q4 net earnings Amended the revolving credit facility to allow for additional financial flexibility Project dispute settled for proceeds of $22.0 million impacts financial results CALGARY, March 24, 2020 /CNW/ – Stuart Olson Inc. (TSX: SOX) (“Stuart Olson” or […]
Stuart Olson Announces Release Date, Conference Call and Webcast for 2019 Fourth Quarter and Annual Financial Results
CALGARY, Feb. 19, 2020 /CNW/ – Stuart Olson Inc. (TSX: SOX) (“Stuart Olson” or the “Company”) today announced that it will release its financial results for the quarter and fiscal year ended December 31, 2019 on or about Tuesday, March 24, 2020 after the close of the Canadian capital markets. Conference Call The Company will host a conference call and webcast to discuss […]
Stuart Olson Awarded Seven-Year MRO Contract for Bundled Industrial Services Valued at an Estimated $400 Million
CALGARY, Jan. 30, 2020 /CNW/ – Stuart Olson Inc. (TSX: SOX) (“Stuart Olson” or the “Company”) today announced that its Industrial Group has been awarded a seven-year contract valued at an estimated $400 million to provide maintenance, repair and operations (MRO) services to an existing oil sands customer in Alberta. Under the terms of the agreement, Stuart Olson has increased the scope of services […]
Stuart Olson Announces Management Change
CALGARY, Jan. 24, 2020 /CNW/ – Stuart Olson Inc. (TSX: SOX) (“Stuart Olson” or the “Company”) today announced that its Executive Vice President and Chief Financial Officer, Bharat Mahajan, has notified the Company of his decision to resign and that he has accepted a different position. The Company also announced the appointment of Dean R. Beacon as Executive Vice […]
Stuart Olson Announces Chief Financial Officer Appointment
CALGARY, Jan. 8, 2020 /CNW/ – Stuart Olson Inc. (TSX: SOX) (“Stuart Olson” or the “Company”) today announced that it has completed its search for a new Chief Financial Officer. Effective January 9, 2020, Bharat Mahajan will assume the role of Executive Vice President and Chief Financial Officer. Mr. Mahajan replaces Dean Beacon who has held […]