Core Viewpoint - Black Diamond Group Limited is set to release its 2025 fourth quarter and full year earnings on February 26, 2026, followed by a conference call on February 27, 2026, to discuss the financial results and answer questions from analysts and investors [1][2]. Company Overview - Black Diamond is an industrial services and asset management company operating in Canada, the United States, and Australia, with two main business units: Modular Space Solutions (MSS) and Workforce Solutions (WFS) [5]. Modular Space Solutions (MSS) - MSS operates through brands such as BOXX Modular, CLM, and Schiavi, owning a large rental fleet of modular buildings for various sectors including construction, industrial, education, financial, and government [6]. Workforce Solutions (WFS) - WFS includes brands like Black Diamond Lodging and Accommodations, Royal Camp Services, and Summit Camps, providing modular accommodation assets and services to customers in resource, infrastructure, construction, disaster recovery, and education sectors [7]. - WFS also features LodgeLink, a digital marketplace for crew accommodation and travel logistics, enhancing the management of travel cycles for businesses across North America, Australia, and the Asia-Pacific region [8].

Acquisition Announcement - Black Diamond Group Limited has entered into a definitive share purchase agreement to acquire Royal Camp Services Ltd. for $165 million, subject to adjustment [1][2] - The purchase price can be paid in cash or a combination of cash and up to 4,000,000 common shares at a deemed price of $12.08 per share [2] - The acquisition is expected to close before the end of 2025, pending regulatory approvals [2] Financial Impact - The acquisition is projected to be highly accretive, with an estimated Adjusted EBITDA range for Royal of $31 to $41 million over three years, excluding anticipated synergies [3] - The fair market value of tangible net assets to be acquired is approximately equivalent to the purchase price [3] Business Integration - The acquisition will create a premier integrated workforce accommodations and catering business with nearly 12,000 rooms of capacity across Canada [4] - The combined workforce accommodations business will employ over 600 individuals, including approximately 250 Indigenous employees [4] - The businesses of Black Diamond and Royal are highly complementary in service offerings, end markets, and geographies served, enhancing value and service quality for customers [4] Strategic Vision - The CEO of Black Diamond expressed excitement about the acquisition, highlighting its alignment with Canada's focus on major nation-building projects, which is expected to increase demand for workforce accommodation services [5]