DMS PARTNERS IN KITIMAT, BRITISH COLUMBIA
The Servco Canada Group is the amalgamation of two, accomplished, 25-year-old companies, leveraging the proven strengths of each. The formation of Servco Canada unites RSK Excavating & Contracting’s (RSK) long-held leadership in civil and site services with DMS Industrial Constructor’s (DMS) efficient operating model and excellence in industrial construction thus creating a formidable local resource in BC.
The combined company enjoys strong positions Kitimat, Terrace and Prince Rupert. Additionally, Servco Canada now enables the development and delivery of more innovative service solutions to customers.
"We consider this to be a true strategic group formation, as it brings together the capabilities, talented people and best-in-class processes of both companies, creating a somewhat unique and compelling opportunity for all of our stakeholders." said group CEO John Gordon.
Group President, Brad Mason stated “Under the Servco Canada brand, we want to combine our companies’ business and service capabilities to form a valuable asset to industrial clients in BC. Beyond the strategic fit, the compelling, value-creating combination would achieve a robust balance sheet and cash flow and generate financial flexibility to invest in our future.”
GOVERNANCE AND LEADERSHIP
The new operating company, Servco Industrial Contracting Ltd. (SIC) is governed by a single Board of Directors with equal representation from DMS and RSK. DMS’ President, Brad Mason, becomes President and a member of the Board of Directors. RSK’s President and CEO, John Gordon, becomes CEO and a member of the Board of Directors.
The new holding company is domiciled in BC, with the CEO based in Kitimat, BC.
Corporate functions are appropriately split between Kitimat, BC and Winnipeg, Manitoba to achieve efficiency for the combined company.BACK