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Pomerleau has announces that its subsidiary ITC Construction Group is continuing its national expansion plans with an agreement to acquire Farmer Construction in B.C.
(Image courtesy of Pomerleau Inc.)
ITC Construction Group has entered into an agreement to acquire Farmer Construction Ltd., a leading player in the residential and commercial construction sector in British Columbia, headquartered in Victoria. ITC, which is a subsidiary of Pomerleau, says the transaction marks a significant milestone in its national growth strategy, which has been gaining momentum since it joined the Pomerleau family in 2022.
“With ITC Group signing the agreement for the acquisition of Farmer, we are initiating a strategic partnership with a trusted local builder whose strengths and values align perfectly with ours,” said Philippe Adam, President and CEO of Pomerleau. “This agreement is intended to strengthen our regional footprint and bring together complementary capabilities in residential and commercial construction out west. Our shared culture and vision make this a natural fit, and we’re excited about the opportunities ahead.”
This acquisition is part of ITC Group’s recent expansion initiatives, including the opening of a Toronto office and the integration of a team in Victoria, complementing its existing presence in Vancouver, Calgary and Edmonton. With over 70 years of experience, Farmer will enhance ITC’s ability to deliver large-scale projects across Western Canada, said the company.
While the transaction has been approved by the Boards of Directors of both ITC Group and Farmer, it is awaiting approval by the Competition Bureau. Once officially approved, Farmer will continue to operate under its existing name, maintaining its brand identity and commitment to clients.
Pomerleau is one of Canada’s largest construction companies, with approximately $6 billion in annual revenues. It delivers buildings, civil engineering works and major infrastructure projects. Its subsidiary ITC is one of the largest residential construction companies in Canada, and its investment arm, Pomerleau Capital, specializes in private and public infrastructure investment and financing.