Tuesday, September 9, 2025
Bird Construction Inc. announced that it has entered into a definitive share purchase agreement under which Bird will acquire Fraser River Pile & Dredge (FRPD) for estimated aggregate consideration of $82.3 million. The transaction is expected to be completed early in the fourth quarter of 2025.
Headquartered in New Westminster, B.C., FRPD is Canada’s oldest and largest privately-owned marine construction, land foundation and dredging company with substantial self-perform capabilities. Founded in 1911, FRPD’s experienced workforce of over 300 salaried, hourly and craft personnel have earned a reputation for safety and high quality work while delivering some of the largest construction projects in Western Canada. FRPD’s construction and dredging experience also extends across Canada, with projects ranging from infrastructure support in the North, to dredging and port expansion in Churchill and the St. Lawrence Seaway, and marine environmental remediation in Hamilton Harbour. FRPD maintains a versatile marine and land construction equipment fleet, and has a specialized construction skillset that is well suited to Canada’s growing demand for infrastructure, including nation-building projects that support transportation, trade, defence, and energy requirements.
“FRPD is expected to be a catalyst for future growth, similar to our prior acquisitions. The addition of unique self-perform capabilities to Bird’s already extensive portfolio of operating locations provides Bird with a more comprehensive platform to support larger-scale projects for public and private clients across Canada. FRPD’s marine infrastructure, land foundation and dredging expertise complement Bird’s deep expertise in delivering complex construction projects across our three verticals of Industrial, Infrastructure and Buildings,” stated Teri McKibbon, president and CEO of Bird. “We are honoured to bring together two historic companies who have been foundational in the building of Canada. We look forward to welcoming the highly skilled FRPD team and leadership into Bird, combining our strong corporate cultures and unrelenting focus on safety. Together, the combined business will have access to even larger, more sophisticated projects, supporting Bird’s strategic goals for growth and continued margin accretion.”
“The acquisition by Bird is a pivotal part of FRPD’s nearly 115-year journey, as we combine our service offerings with a company that has been a driving force behind shaping the Canadian landscape for over 100 years,” said Sarah Clark, president and CEO of FRPD. “We look forward to leveraging our combined strengths to create additional opportunities across our respective client bases. FRPD’s culture of high quality delivery and self perform capabilities, augmented by Bird’s extensive resources and complementary services, is a winning combination for the future.”
Featured image: (Fraser River Pile & Dredge)
