Stuart Olson awarded $125M in new contracts
The construction services firm will take on a large agricultural facility in Western Canada, a highway construction project, and several insulation and electrical projects in the petrochemical, oil sands and power sectors
CALGARY—Construction services firm Stuart Olson Inc. announced May 1 that it has been awarded approximately $125 million in new contracts.
The new projects include a large agricultural facility in Western Canada, which was recently awarded to the firm’s Buildings Group and its joint venture partner. Construction has started with completion anticipated in the fall of 2019.
The Buildings Group has also been awarded a highway construction project, which has commenced.
The firm’s Industrial Group was recently awarded several insulation and electrical projects in the petrochemical, oil sands and power sectors. These projects will all commence in the second quarter of 2018.
“These new contract awards represent important wins for both our Buildings Group and Industrial Group,” said David LeMay, Stuart Olson’s president and CEO. “The fact that these awards include our branches in Western Canada and Ontario and represent a mix of public, private and industrial projects, is a reflection of the strength of our diversification strategy and our strong relationships with repeat clients.”
The new projects will be added to backlog over two quarters, with a portion included in the first quarter of 2018, and the remaining added to backlog in the second quarter of 2018.