Britco’s building business sold for $93 million

Posted by Rumin Mann
May 24th, 2011

Rick McClymont and David Taft founded modular-building constructor Britco on a shoestring in 1977, built it into a 300-employee company with some $80m in sales and have now agreed to a $93-million sale to Vancouver-based WesternOne Equity Income Fund.

The companies announced the deal last week, which McClymont described as the result of an unsolicited offer for the Langley-based modular construction company that will give it the capital that Britco needs to expand in Western Canada’s booming resource sectors. …

McClymont said Britco has built everything from social housing to health clinics and multi-storey hotels. For the last 10 years, it has built the PNE prize home, and in 2010 constructed an award-winning athletes’ lodge in Whistler for the Winter Olympics.

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