Investment firm acquires Thompson Construction Group
Hillcore stated it plans to continue the company’s vision.
Thompson has been operating in Western Canada since 1964. – Thompson Construction
Canadian investment and advisory firm Hillcore has completed the acquisition of Alberta-based Thompson Construction Group.
Thompson was established in Barrhead, Alta. in 1964 with a handful of employees and a couple pieces of heavy equipment. It has been headquartered in Spruce Grove, Alta. since 1984 and has grown to include 1,500 employees and 2,000 pieces of equipment.
The heavy civil contractor focuses on heavy civil earth moving, infrastructure construction, oil sands reclamation and plant construction.
Hillcore, which has partnered with Thompson’s existing senior management team on the acquisition, stated that Thompson’s long-standing history of operational excellence, safety, and quality will continue. Hillcore will 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,” said Russell Negus, Hillcore chairman. “We welcome Thompson’s 1,500 employees to our existing family of over 3,500 employees across our affiliated businesses.”
Negus gave a special thanks to Larry Thompson for building the business and said that Hillcore is committed to being first rate stewards and custodians of the business as it continues to grow.
“I am thrilled that the Hillcore Group is dedicated to continuing the vision of Thompson, supporting all the great staff and clients in the excellent work we do,” said Larry. “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.”