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]