Hillcore buys Thompson Construction
By Adam FreillConstruction Infrastructure
Independent Canadian investment and advisory firm completes its purchase of earth-moving company based in Alberta.
Hillcore recently announced its acquisition of the Thompson Construction Group. Established in Barrhead, Alta., in 1964 with a handful of employees and a couple pieces heavy equipment, Thompson relocated its headquarters to Spruce Grove, Alta., in 1984 and has since grown to more than 1,500 employees and 2,000 pieces of equipment focused on heavy civil earth moving, infrastructure construction, oil sands reclamation, plant construction, and workplace safety.
Hillcore, which has partnered with Thompson’s existing senior management team on the acquisition, says it will ensure the company’s long-standing history of operational excellence, safety, and quality will continue. The buyer has also pledged to work with the management team as it builds its service capacity to support its growing customer base through capital expenditure, acquisition, and geographic expansion plans.
“We are excited to partner with such a great leadership team and an industry leader and see tremendous opportunities to grow this platform,” stated Russell Negus, chairman at Hillcore. “We welcome Thompson’s 1,500 employees to our existing family of over 3,500 employees across our affiliated businesses.”
“I am thrilled that the Hillcore Group is dedicated to continue the vision of Thompson, supporting all the great staff and clients in the excellent work we do,” added Larry Thompson. “I also want to thank all Thompson employees past and present who have been instrumental in delivering so many successful projects to our long list of great clients over the years.”