COQUITLAM, BRITISH COLUMBIA, January 27, 2025 – Graham Power Services (“Graham”) on behalf of its parent, Graham Maintenance Services LP. and its partner, 42 West Constructors Ltd., announced today that Graham intends to complete the acquisition of certain Canadian powerline construction and maintenance assets and resources of Rokstad Power (2018) Ltd. and affiliates (“Rokstad”) 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, the hearing for which is currently scheduled for January 31, 2025. Once approved, there are certain closing conditions that will need to be met, with an outside close date of February 17, 2025.
Graham is an employee-owned business with over 2,700 staff and the capacity for up to 6,000 craft workers. Established in 1926 and with offices throughout North America, Graham Group generates annual revenues exceeding $4 billion and has delivered over 500 projects annually that provide lasting value and enable people and communities to live, work, move, and grow in a rapidly changing world.
Thomas Grell, Graham’s Executive Vice President, Services, said, “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.” Graham Power Services operations in BC will continue under the leadership of Bryan Plowe as Vice President, Power 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 Ltd. 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. “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.”
For further information about the Sale Solicitation Process, please visit cfcanada.fticonsulting.com.
About Graham
Graham is an employee-owned construction solutions partner with revenues exceeding $4 billion annually. With over nine decades of experience, Graham provides general contracting, design-build, integrated project delivery, construction management, public-private partnerships, preventative maintenance program services and development services in the buildings, industrial, infrastructure and project finance sectors. Graham has offices throughout North America and employs passionate professionals and trade craft focused on delivering lasting value. Graham has the resources, capacity, and expertise to undertake projects of every scope, scale and complexity. Visit us at www.grahambuilds.com to discover how we’re building for a better tomorrow.
Media inquiries
Orlene King, Senior Director, Communications
T: 1-403-570-5021
E: orlene.king@graham.ca
