• Centurion
• 20/03/2024

CENTURION GROUP ANNOUNCES PROPOSED DIVESTMENT OF ITS CANADIAN INFRASTRUCTURE BUSINESS TO THE HILLCORE GROUP

Centurion Group (“Centurion” or “the Group”), a global leader in the supply of specialist rental equipment and services to critical industries, announces that it proposes to sell its legacy construction business Centurion Canada Infrastructure, formerly SITE Resource Group (SITE), to the Hillcore Group ("Hillcore").

This proposed divestment is a continuation of Centurion’s strategy and wider growth plan to focus on expanding and developing its core rentals and services offering across a diverse range of customers in the energy, renewables, infrastructure, government and industrial markets. Over the last 12 months, Centurion has successfully completed five strategic acquisitions, directly contributing to the Group’s total revenues of ~$745m whilst strengthening Centurion’s offering in water and wastewater solutions, offshore accommodation and workspace modules.

Sequeira Partners and RBC Capital Markets are acting as financial advisors to Centurion on the transaction.

SITE is a specialist integrated services construction business that delivers remote access, environmental and infrastructure services and maintenance across multiple industries in Western Canada.

Hillcore is a leading independent Canadian investment firm, investing predominantly in the life sciences, real estate, seniors living, financial, logistics, industrial, forestry, and energy sectors.

Closing of the proposed transaction is expected to occur prior to the end of Q2 2024.

++ ENDS ++

Enquiries:

Teneo

Martin Robinson / Harry Cameron

+44 (0) 207 353 4200 / centurion@teneo.com

About Centurion Group

Centurion is a global leader in the supply of critical services to the oil & gas, infrastructure, power, environmental and renewable energy industries. It combines the scale and the breadth of offerings in five main regions: the US, Canada, UK, Europe & Caspian, Middle East & North Africa, and Asia Pacific, with strong local presence in key energy markets to deliver value to customers around the world.

For more information, please visit www.centuriongroup.co.uk