Centurion Group (“Centurion” or “the Group”), a global leader in the supply of specialist rental equipment and services to critical industries, announces that it proposes to sell its legacy construction business Centurion Canada Infrastructure, formerly SITE Resource Group (SITE), to the Hillcore Group (“Hillcore”).
This proposed divestment is a continuation of Centurion’s strategy and wider growth plan to focus on expanding and developing its core rentals and services offering across a diverse range of customers in the energy, renewables, infrastructure, government and industrial markets. Over the last 12 months, Centurion has successfully completed five strategic acquisitions, directly contributing to the Group’s total revenues of ~$745m whilst strengthening Centurion’s offering in water and wastewater solutions, offshore accommodation and workspace modules.
Sequeira Partners and RBC Capital Markets are acting as financial advisors to Centurion on the transaction.
SITE is a specialist integrated services construction business that delivers remote access, environmental and infrastructure services and maintenance across multiple industries in Western Canada.
Hillcore is a leading independent Canadian investment firm, investing predominantly in the life sciences, real estate, seniors living, financial, logistics, industrial, forestry, and energy sectors.
Closing of the proposed transaction is expected to occur prior to the end of Q2 2024.
