BM Group acquires LE Steel
By Adam FreillConstruction
Company adds to its complementary roster of companies engaged in construction, project management, material supply and land development.
Vancouver-based BM Group has added LE Steel Fabricators Ltd. to its growing portfolio of construction, project management, material supply and land development companies. After acquiring LE Steel, BM Group now represents over 15 independent businesses, offering a comprehensive network of complementary businesses to its clients.
With over 30 years of experience in the custom fabrication of engineered, structural steel, aluminum and stainless steel products and components, acquiring LE Steel was a natural step in BM Group’s expansion, explained Milan Mann, BM Group’s president of real estate development and construction. “It enables us to enter an existing industry from a different angle, while executing on larger repair and restoration projects, and continue driving toward our mission of ‘restoring the future,’” he said.
LE Steel has worked on a number of large-scale projects across the province, which the company says will continue under the new ownership structure.
“Our clients and industry partners can rest assured knowing that BM Group and LE Steel will continue to deliver the exceptional, reliable work these companies have done for decades,” said Mann. “Now, we’ll just be able to do more of it.”
Peter VandeBurgt, owner of LE Steel, saw BM Group as an obvious choice for the acquisition.
“What stuck out to me was the genuine interest BM Group showed in the LE Steel family,” he said. “I could tell that taking care of LE Steel’s people — our employees and customers — was their top priority.”
VandeBurgt will remain with LE Steel for one year to help manage the transition. The acquisition includes LE Steel’s industrial property, warehouse and equipment.