CALGARY, AB--(Marketwired - October 03, 2016) - Black Diamond Group Limited ("Black Diamond" or the "Company") (
In conjunction with this acquisition and other anticipated capital requirements to the end of the year, Black Diamond is increasing its previously announced $10.0 million 2016 capital expenditure plan to $15.0 million.
"This acquisition reinforces the ongoing growth plan of our BOXX Modular platform," said Trevor Haynes, Chairman and Chief Executive Officer. "These assets will quickly scale our previously announced Vancouver branch start up. The manufacturing arrangement ensures an additional independent source of supply to support our growth plans. Shelter has had a long-standing manufacturing operation in Southern B.C. and we look forward to the new working relationship."
About Black Diamond
Black Diamond Group provides workforce accommodation, modular buildings, energy services, and full turnkey lodging and major project solutions including planning and management, logistics, and catering to customers in Canada, the United States and Australia. We serve diverse sectors including oil and gas, mining, power, construction, engineering, military, government, and education.
Black Diamond has four core business units: Black Diamond Camps & Lodging, BOXX Modular, Black Diamond Energy Services, and Black Diamond International. Learn more at: www.blackdiamondgroup.com.
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Contact Information:
For investor inquiries, please contact:
Randel Madell
587-233-7462
rmadell@blackdiamondgroup.com
For media inquiries, please contact:
Elaine Mazurick
587-233-7461
emazurick@blackdiamondgroup.com