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VICTORIA \u2014 Pomerleau subsidiary ITC Construction Group has entered into an agreement for the acquisition of Farmer Construction Ltd., which is being described as a leading player in the residential and commercial construction sector in British Columbia.<\/p>\n
\u201cWith 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,\u201d said\u00a0Philippe Adam, president and CEO of Pomerleau, in a statement.<\/p>\n
\u201cThis agreement is intended to strengthen our regional footprint and bring together complementary capabilities in residential and commercial construction out west.\u201d<\/p>\n
This acquisition is part of ITC Group\u2019s recent expansion initiatives, including the opening of a\u00a0Toronto\u00a0office and the integration of a team in\u00a0Victoria. ITC already had a presence in Vancouver,\u00a0Calgary\u00a0and Edmonton.\u00a0<\/p>\n
According to the release, this transaction has been approved by the boards of directors of both ITC Group and Farmer and will close once approved by the Competition Bureau. Once officially approved, Farmer will continue to operate under its existing name.<\/p>\n
ITC\u2019s joined with Pomerleau in 2022.<\/p>\n<\/p><\/div>\n