Bird Construction (BDT) ran 13% on its $83M acquisition of Canada’s largest marine infra, land foundation and dredging company (FRPD). At 4.1x EV/EBITDA, management expects 7% year one accretion…

… with room for more beyond that, as Bird looks to grow FRPD’s existing business…

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I’d say the market currently in Canada for this kind of specialized service is higher than it’s ever been. So there’s certainly a solid opportunity to grow beyond the 10%.

Terrance McKibbon (CEO) - BDT M&A Call

… which should help the company reach its 2027 margin targets - given the acquired platform operates with better economics.

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