Core Points - Black Diamond Group Limited has successfully completed the acquisition of Royal Camp Services Ltd for approximately $165.8 million, consisting of $150 million in cash and 1,377,911 common shares valued at $12.08 each [2][3] - The acquisition aligns with Black Diamond's long-term growth strategies and is expected to be highly accretive, with an anticipated Adjusted EBITDA for Royal between $31 million and $41 million over three years, excluding synergies [3] - Following the acquisition, Black Diamond will have nearly 12,000 rooms of capacity across Canada, enhancing its position as a premier integrated workforce accommodations and catering business [3] Company Overview - Black Diamond is a specialty rentals and industrial services company with two operating business units: Modular Space Solutions (MSS) and Workforce Solutions (WFS), operating in Canada, the United States, and Australia [4] - MSS operates through brands like BOXX Modular and CLM, providing a large rental fleet of modular buildings to various sectors including construction and government [5] - WFS offers a rental fleet of modular accommodation assets and includes LodgeLink, a digital marketplace for crew accommodation and logistics [6][7] Royal Camp Overview - Royal Camp has been a leading provider of remote accommodation and catering solutions in Western Canada since 1991, known for its modern structures and world-class catering [8] - The company operates Summit Camps, which provides integrated camp services in remote regions, primarily in British Columbia and the Yukon Territory [8] - Royal Camp has a long-standing partnership with Primco Dene, operating numerous camps in the Cold Lake and Christina Lake areas [9][10]

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]