Le Lézard
Classified in: Business
Subjects: TNM, CON

Rokstad Family Re-Acquires Full Ownership of the Rokstad Power Group of Companies



COQUITLAM, BC, Aug. 10, 2018 /CNW/ - The Rokstad family has completed the transaction acquiring full ownership of the Rokstad Power Group of Companies ("Rokstad Power") from the Carillion Group, which includes all operations in Canada and the United States. 

Rokstad Power linemen at work installing the high-voltage Interior-Lower Mainland transmission line, a 247-kilometre-long upgrade to the provincial power grid. (CNW Group/Rokstad Power Ltd.)

By acquiring full control of the business, the Rokstad family will lead the company in the appropriate direction and respond quickly and effectively to the right opportunities. 

"We are both thrilled and relieved," said Rokstad Power's Chief Executive Officer, Aaron Rokstad. "The process of re-acquiring the business was much more challenging than anticipated and it took longer than we originally expected, but now that the transaction is complete, we can turn our attention to strengthening and growing Rokstad Power as a private business. The challenges we have collectively faced and overcome in the last year, and the knowledge we have all acquired, puts us in a position to capitalize on the many opportunities ahead of us."

Bernie Rokstad, the company's President, said: "We have earned a solid reputation in the industry because of the talented and dedicated team of people we have at Rokstad and we look forward to continuing to shape the business as we grow and evolve. The potential for the company is far-reaching and although our focus remains largely the same, to nurture and support our projects and operating divisions, we will strive to continuously improve through various corporate initiatives."

Rokstad Power is a recognized leader in the industry and provides a full suite of power line construction and maintenance services, with operations across Canada and the U.S. Clients include major utilities such as BC Hydro, Arizona Public Service and Southern California Edison (SCE). The Company has an impressive project resume, from taking over distressed projects to working in some of the most challenging terrain and weather conditions imaginable, all while ensuring and exceeding some of the highest quality and safety standards expected in the industry.

Rokstad Power's National Head Offices will remain in Coquitlam, BC, and San Diego, California.  

Get Rokstad Power News updates on Twitter: www.twitter.com/RokstadPower

Rokstad Power Ltd. (CNW Group/Rokstad Power Ltd.)

SOURCE Rokstad Power Ltd.


These press releases may also interest you

at 18:33
Dynacor Gold Mines Inc. (Dynacor or the Corporation) a Corporation with gold and silver ore processing operations and exploration projects in Peru, has released its unaudited condensed consolidated financial statements and the management's...

at 18:32
(All amounts in US dollars, unless otherwise indicated) For Q2 2018, Leagold reports financial and operating results that incorporate a partial quarter of results from the newly acquired Brazilian assets. Highlights include: Gold production of...

at 18:30
Sino Agro Food, Inc. (OSE: SIAF-ME), a specialized investment company focused on protein food including seafood and cattle announces results for the quarter ending June 30, 2018.  Financials Revenue from the sale of goods decreased USD 14.8M, or...

at 18:30
(AOI?TSX, AOI?Nasdaq-Stockholm) ... Africa Oil Corp. ("Africa Oil" or the "Company") is pleased to announce its financial and operating results for the three and six months ended June 30, 2018. View PDF Version As at June 30, 2018, the Company had...

at 18:30
Digital Realty , a leading global provider of data center, colocation and interconnection solutions, announced today that its board of directors has authorized quarterly cash dividends for common and preferred stock for the third quarter of 2018. ...

at 18:30
Nexteer Automotive, today reported financial results for the six-month period ended June 30, 2018, with revenue reaching...




News published on 10 august 2018 at 18:59 and distributed by: