- CUQ 14.22
- 0.16 +1.43%
Stuart Olson Dominion forms our General Contracting segment. It constructs commercial (privately owned) and institutional (publicly owned) buildings in Western Canada. The company strives to profitably meet client needs for large-scale, technologically-complex projects, on-time and on-budget.
Stuart Olson and Dominion have been general contractors since 1939 and 1911 respectively. Key players in Western Canada’s building markets, the two companies are now combined as Stuart Olson Dominion Construction Ltd. (SODCL).
SODCL’s expertise includes renovation and new construction in the light industrial, education, healthcare, government and commercial building sectors.
In the first nine months of 2011, SODCL comprised approximately 63% of Churchill’s consolidated revenues(1), 37% of EBITDA(1)(2) (earnings before interest, taxes, depreciation and amortization) and 82% of backlog. SODCL is expected to continue to comprise the largest part of Churchill’s revenues, earnings and backlog for the remainder of 2011.
Notes:
(1) Excluding intersegment eliminations.
(2) Excluding the Corporate and Other segment.
The integration of Stuart Olson and Dominion, forming Stuart Olson Dominion (SODCL), followed Churchill's acquisition of Seacliff Construction Corp. in July 2010. It has expanded SODCL’s market presence across the four Western Canadian provinces and capitalizes on the strengths of each company in its geographic and client markets, where they were both historically well positioned.
SODCL's goal is to serve all of the construction needs of its predominantly repeat client base, and to focus on relationship-driven construction contracting. The company’s expertise includes renovation and new construction in the light industrial, educational, healthcare, government and institutional sectors. Its success is founded on a holistic, team-based approach that brings clients, contractors and consuiltants together as equals. SODCL's business culture is driven by a "blueprint" of values that sets out the company's stance with regard to leadership, innovation, business relationships, profitability, health and safety, community and environment, and how the company's employees are expected to treat clients, consultants, trade contractors, employees and shareholders.
