VANCOUVER, June 26, 2014 /CNW/ - WesternOne Inc. (TSX: WEQ, WEQ.DB, WEQ.DB.C) today announced that its modular building division Britco and the Gitxsan Development Corporation (GDC) have signed a memorandum of understanding to establish a building rental and workforce accommodation business focused on large infrastructure projects proposed in Northwestern BC.
"As a leading modular construction company, BC-based Britco brings a great deal of expertise to the table, including a familiarity of the region that we consider a real asset," said Rick Connors, President and CEO of GDC. "Together we will be able to pursue customers seeking workforce accommodation and modular building rental products and services for many of the proposed energy and resource projects in the traditional territory of the Gitxsan".
Britco and GDC will provide jobs, skills training and employment opportunities for Gitxsan Nation members and procurement opportunities for Gitxsan Nation member-owned businesses. In addition, Britco and GDC will work with Evergreen BioHeat Ltd to incorporate locally sourced Gitxsan Nation biomass as a green energy alternative to heating the workforce accommodations.
"We're excited about this partnership because it gives Britco the opportunity to work with a successful First Nation owned business, whose members' companies add capacity to Britco's on-site construction team," said Mike Ridley, President of Britco. "It's a great fit that benefits both organizations."
Britco and GDC have already begun marketing the partnership to customers and project proponents in both BC and Alberta.
With approximately 1,000 employees in Australia, Canada and the United States, Britco is one of the largest modular construction companies in the industry.
Britco provides temporary and permanent residential and commercial modular buildings and offers leading design-build capabilities as well as turnkey construction management services for a wide range of customers in the construction, energy and resource sectors.
Britco is headquartered in Langley, British Columbia.
About WesternOne Inc.
WesternOne Inc. seeks to acquire and grow businesses in the construction and infrastructure services sector in order to generate stable and growing dividends to its shareholders and to achieve capital appreciation.
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SOURCE: WesternOne Inc.
For further information: Andrew Greig, Manager of Investor Relations, WesternOne Inc. Suite 910, 925 West Georgia Street, Vancouver, BC, V6C 3L2, Phone: (604) 678-4042, E-mail: [email protected], Website: www.weq.ca