Stuart Olson Inc. has completed the $77.8 million purchase of Studon Electric & Controls Inc.
“The completion of the Studon acquisition is a critical step in our strategy to becoming an integrated full-service construction company,” said David LeMay, President and Chief Executive Officer of Stuart Olson. “It strengthens the vertical integration of our Industrial Group, supports our objective of growing this group into a self-performing general contractor and greatly enhances our ability to service the maintenance, repair and operations sector.”
Headquartered in Red Deer, Alberta, Studon is a leading electrical and instrumentation services provider offering non-union construction, maintenance and turnaround services to the oil & gas, pipeline and petrochemical industries in Western Canada.
Stuart Olson provides building construction, commercial and industrial electrical contracting, and industrial insulation services to an array of public and private sector clients. The Company operates office locations throughout British Columbia, Alberta, Saskatchewan, Manitoba and Ontario.
