Black Diamond Group Finalizes Acquisition of Royal Camp Services
Calgary, Wednesday, 12 November 2025.
Black Diamond Group Limited has completed its acquisition of Royal Camp Services for approximately $165.8 million. This move is set to enhance service capabilities and expand market presence in workforce accommodations.
Strategic Acquisition Details
On November 12, 2025, Black Diamond Group Limited (TSX: BDI), a leader in modular accommodation and workspace solutions, announced the successful completion of its acquisition of Royal Camp Services. The transaction, valued at approximately $165.8 million, comprises around $150 million in cash and 1,377,911 common shares of Black Diamond priced at $12.08 each [1][2].
Enhancing Market Presence
This acquisition is a strategic move designed to strengthen Black Diamond’s presence in the remote workforce accommodation market. With this deal, Black Diamond is set to become a premier integrated workforce accommodations and catering business, boasting nearly 12,000 rooms of capacity across Canada [1][2].
Financial and Strategic Rationale
The acquisition is anticipated to be highly accretive, with a valuation based on the mid-point of a three-year Adjusted EBITDA range for Royal Camp Services of $31 to $41 million, excluding anticipated synergies [1]. This move aligns with Black Diamond’s long-term growth strategy, enhancing its operational efficiencies and expanding its service offerings amid increasing sector demand [3].
Executive Insights
Trevor Haynes, Chairman & CEO of Black Diamond, expressed optimism about the integration, stating, ‘We are pleased to announce that our acquisition of Royal has been successfully completed. We will now work to effectively combine these two best-in-class teams to best serve our customers and continue to bring value to all stakeholders – partners, employees, and shareowners.’ Jon Warren, President of Royal, echoed this sentiment, highlighting the exciting market opportunities for the combined business [1][2].