M&A Deal Summary

Bird Construction Acquires FRPD

On September 3, 2025, Bird Construction acquired marine company FRPD from TriWest Capital Partners for 82M USD

Acquisition Highlights
  • This is Bird Construction’s 1st transaction in the Marine sector.
  • This is Bird Construction’s 2nd largest (disclosed) transaction.
  • This is Bird Construction’s 5th transaction in Canada.
  • This is Bird Construction’s 2nd transaction in British Columbia.

M&A Deal Summary

Date 2025-09-03
Target FRPD
Sector Marine
Buyer(s) Bird Construction
Sellers(s) TriWest Capital Partners
Deal Type Add-on Acquisition
Deal Value 82M USD

Target

FRPD

New Westminster, British Columbia, Canada
FRPD is a provider of marine construction and dredging services. FRPD is a marine construction and dredging contractor with operations mainly in Western Canada and the Northwest Territories. FRPD was founded in 1911 and is based in New Westminster, British Columbia.

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Buyer(S) 1

Buyer

Bird Construction

Mississauga, Ontario, Canada

Category Company
Founded 1920
Sector Construction
Employees6,000
Revenue 3.4B CAD (2024)
DESCRIPTION

Bird Construction is a construction and maintenance company operating from coast to coast to coast. Servicing all of Canada's major markets through a collaborative, safety-first approach, Bird provides a comprehensive range of construction services, self-perform capabilities, and innovative solutions to the industrial, buildings, and infrastructure markets. Bird Construction was founded in 1920 and is headquartered in Mississauga, Ontario.


DEAL STATS #
Overall 5 of 5
Sector: Marine M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 5
State: British Columbia M&A 2 of 2
Country: Canada M&A 5 of 5
Year: 2025 M&A 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-10 Jacob Bros

Surrey, British Columbia, Canada

Jacob Bros is a privately-owned civil infrastructure construction business with self-perform capability, serving public and private clients across the region. The company specializes in civil infrastructure construction across a wide array of projects, such as airports, seaports, rail, bridges and structures, earthworks, energy projects, and utilities. Jacob Bros is based in Surrey, British Columbia.

Buy $135M

Seller(S) 1

SELLER

TriWest Capital Partners

Calgary, Alberta, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 1.7B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

TriWest Capital Partners is a Canadian private equity firm focused on investments in established companies operating in a variety of industries. Broad areas of interest include the distribution, manufacturing, and service sectors. TriWest targets mid-sized, profitable companies with EBITDA of $10 to $100 million. Prospective transaction types include management buyouts, growth capital financings, generational transfers, corporate divestitures, and special situations. TriWest will not invest in real estate, technology and primary resource development. TriWest Capital Partners was formed in 1998 and is based in Calgary, Alberta.


DEAL STATS #
Overall 30 of 30
Sector: Marine M&A 1 of 1
Type: Add-on Acquisition M&A Deals 12 of 12
State: British Columbia M&A 6 of 6
Country: Canada M&A 28 of 28
Year: 2025 M&A 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-22 Spence Diamonds

Vancouver, British Columbia, Canada

Spence Diamonds is a vertically integrated diamond bridal jewelry retailer. Spence Diamonds was founded in 1978 and is based in Vancouver, British Columbia.

Buy -