Dominion Lending Centres Clearlease Reports The Churchill Corporation (TSX: CUQ) wins $165 M in new contracts in Q1
CALGARY – (April 13, 2011) Clearlease.com Reports Construction company The Churchill Corporation (TSX: CUQ) says its industrial services unit won about $165 million of new contracts from public and private sector clients in Western Canada in the first quarter.
The unit consists of Broda Construction Inc., Insulation Holdings Inc. and Laird Electric Inc.
Broda won about $48 million of new contracts, including one in Alberta for the rough grading of the Calgary Airport Authority’s new runway program.
Meanwhile, Laird secured $55 million of new contracts and IHI got $62 million of new orders — about $35 million of projects in Saskatchewan, including oil refinery work and projects in the potash mining sector, and $27 million of work in Alberta.
“We are pleased to see our industrial services segment building high quality backlog as the industrial spend in Western Canada remains robust,” said Jim Houck, Churchill’s CEO.
“Some of these project additions demonstrate the revenue synergies that we expected from our Seacliff acquisition as we combined the customer lists of Broda, a former Seacliff company operating primarily in Saskatchewan, and Laird and IHI, both legacy Churchill companies.”
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