Graham Power Services on behalf of its parent, Graham Maintenance Services LP. and its partner, 42 West Constructors Ltd., announced that Graham intends to acquire the powerline construction and maintenance assets and resources of Rokstad Power Ltd. and affiliates from FTI Consulting Canada Inc, in its capacity as court-appointed receiver of Rokstad.
The transaction remains subject to the approval of the British Columbia Supreme Court. Once approved, there are certain closing conditions that will need to be met, with an outside close date of February 17, 2025.
“Graham is very excited for the opportunity to welcome a highly capable team that will now operate as Graham Power Services, delivering maintenance and construction of overhead and underground distribution and transmission systems, as well as emergency response to storms and substation services,” said Thomas Grell, Graham’s executive vice president, services.
As part of the transaction, Graham intends to assume and maintain all existing agreements and relationships between impacted First Nations to perform work designated with BC Hydro.
“It will also be our honor to continue to build and grow these existing relationships with all Indigenous groups that share the same values for territory sustainability, economic stewardship for the land, and to benefit their communities,” said Graham vice president, Terry Mitchell.
42 West Constructors intends to assume and continue the collective bargaining agreement (master line agreement) with Local Union 258 of the International Brotherhood of Electrical Workers.
“I am proud of the services our team has been delivering to outstanding Canadian customers like BC Hydro and many others,” said Bryan Plowe, vice president, Power Services. “As we join Graham, I am excited by the possibilities for expanding our customer relationships, working with other divisions of Graham, and creating opportunities for our people.”
