SOURCE: Black Diamond Group Limited

Black Diamond Group Limited

June 02, 2016 09:00 ET

Black Diamond Group Announces Vancouver and Saskatoon BOXX Modular Branch Openings

CALGARY, AB--(Marketwired - June 02, 2016) -  BOXX Modular, a business unit of Black Diamond Group Limited (TSX: BDI) has opened its newest branches in Vancouver, British Columbia and Saskatoon, Saskatchewan with a combination of repositioned existing assets for Saskatoon, and newly manufactured assets to suit the Vancouver market place.

"Black Diamond remains focused on expanding our construction rentals and specialty modular fleet into new markets, which continues to diversify our overall business platform by further developing our non-resource revenue streams," said Trevor Haynes, Chairman and Chief Executive Officer. "Vancouver, along with the lower mainland and surrounding markets, has a strong pipeline of construction and infrastructure projects which are well suited to our BOXX Modular offering and the new manufactured assets that we have begun deploying there. Saskatoon is also experiencing steady demand from construction and infrastructure projects in the city and surrounding areas. This market will be served by our high quality existing assets being repositioned from our northern Alberta fleet.

The capex for new build units for Vancouver fits within the previously announced capital plan of $10M for 2016. Subsequent fleet orders will coincide with absorption of assets and strong utilization.

BOXX Modular rents, leases, and sells temporary and permanent modular buildings including mobile offices, office complexes, classrooms, lavatories, medical centres, banks, blast resistant buildings, and storage containers to customers in North America. We also provide full turnkey major project solutions and ancillary services for diverse sectors including industry and government, for both urban and remote locations.

About Black Diamond Group

Black Diamond Group provides workforce accommodation, modular buildings, energy services, and full turnkey lodging and major project solutions including planning and management, logistics, and catering to customers in Canada, the United States and Australia. We serve diverse sectors including oil and gas, mining, power, construction, engineering, military, government, and education.

Black Diamond has four core business units: Black Diamond Camps & Lodging, BOXX Modular, Black Diamond Energy Services, and Black Diamond International. Learn more at: www.blackdiamondgroup.com.

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