- CUQ 14.22
- 0.16 +1.43%
The Industrial Services segment of The Churchill Corporation includes five profitable and growing companies: Broda Construction, Laird Electric, Laird Constructors and two insulation companies, Fuller Austin and Northern Industrial. These companies service industrial clients with electrical, mechanical, concrete, insulation, maintenance, dirt-moving and other related services.
Laird Electric, Laird Constructors, Fuller Austin and Northern Industrial offer bundled services as the Churchill Services Group, which also has the capability of bringing the services of Broda Construction and Stuart Olson Dominion's industrial building capabilities to clients.
Laird Electric Inc., with headquarters in Edmonton, Alberta, and Laird Constructors Inc., with headquarters in Sudbury, Ontario, provide electrical, instrumentation and power-line construction and maintenance services to resource and industrial clients. Laird Constructors also provides mechanical services.
Fuller Austin Inc. and Northern Industrial Insulation Contractors Inc., both also headquartered in Edmonton, serve industrial clients with insulation, asbestos abatement, siding application, HVAC (heating, ventilation and air conditioning) and plant maintenance services. Fuller Austin serves unionized sites and Northern Industrial serves non-union sites. Clients are in the oilsands, oil and gas, petrochemical, forest products, power utilities and mining industries.
Broda Construction Inc., with its headquarters in Prince Albert, SK, provides aggregate processing, earthwork, civil construction, concrete production and related services. Broda serves a broad range of organizations, including Canada’s two major railway corporations, Saskatchewan’s major potash and uranium producers, and Saskatchewan’s infrastructure organizations.
In the first nine months of 2011, Industrial Services comprised approximately 24% of Churchill’s consolidated revenue(1), 36% of EBITDA(1)(2) (earnings before interest, taxes, depreciation and amortization) and 11% of backlog. Churchill is focused on growing this segment to increase its direct exposure to Western Canada’s growing industrial economy.
Notes:
(1) Excluding intersegment eliminations.
(2) Excluding the Corporate and Other segment.
In the first nine months of 2011, within the Industrial Services segment, Laird, IHI and Broda contributed the following:
| Revenue | EBITDA | Backlog | |
|---|---|---|---|
| Laird | 44.7% | 29.8% | 38.8% |
| IHI | 39.0% | 51.6% | 35.7% |
| Broda | 16.3% | 18.6% | 25.5% |
Laird and Fuller Austin have teamed up on some large contracts to offer bundled services to customers, a move that benefits their customers with one-stop shopping and adds to Churchill’s bottom line.
Broda has expanded its footprint outside of its normal Saskatchewan service area with its successful bid for the earthmoving portion of the Calgary Airport Authority’s new Runway development. In winning this relatively large project, Broda benefitted from the increased bonding ability that being a member of the Churchill Group brings.
Effective January 1, 2012, The Churchill Services Group (CSG) under the leadership of President David LeMay, formerly President and CEO of Laird Electric, was formed to interface with customers and lead new business origination related to integrated products and services on behalf of Churchill's Industrial Services segment and Stuart Olson Dominion's industrial building activities.
