17/05/2022

Telefonatbns

Making a New Home

Modular firm Nexii acquires Canadian contractor

2 min read

Table of Contents

Dive Short:

  • Canadian modular developing methods manufacturer Nexii has acquired a person of the premier style and design and development firms in Western Canada.
  • In an announcement very last week, the Vancouver-primarily based company explained that Omicron, also headquartered in Vancouver, will be a wholly owned subsidiary. Phrases of the deal had been not disclosed.
  • Nexii and Omicron have worked as associates due to the fact February 2019, when Omicron turned 1 of the early shareholders and adopters of Nexii know-how, followed by a variety of task collaborations across the two groups, the companies explained in a release shared with Construction Dive. 

Dive Insight:

Omicron will turn into a subsidiary of Nexii, continuing to serve existing shoppers and offering providers beneath the Omicron model, although also supporting Nexii business progress and task supply. The merger will mix Nexii’s project operations with Omicron’s integrated task shipping system.

The two corporations have collaborated on Nexii’s Squamish, Hazelton and Vancouver Island plants. Their most recent function jointly was on the Courtyard by Marriott resort in Nanaimo, British Columbia, now less than building with advancement associate PEG. 

Previously this yr, Nexii designed and created a British Columbia Starbucks store (demonstrated earlier mentioned) that was assembled and developed on website in 6 days.

An alternate to cement and concrete, Nexii’s roof, ground and wall panels generate a thermally economical, airtight envelope, according to the company. The insulated panels are coated on each sides with a substance the company calls Nexiite, which is made of sand and other “conveniently-accessible” materials, CEO Stephen Sidwell told On-Site journal, creating a building procedure that is water-resistant and fireplace resistant.

“The Nexiite is each the interior and exterior ending and is structural,” Sidwell explained to On-Web-site. “So, it is really a absolutely distinct methodology of design.”

With the acquisition, the management of Nexii and Omicron will be unchanged: Sidwell stays as CEO of Nexii, and Bill Tucker will continue on to lead the Omicron team as CEO however Tucker will also phase into the role of govt vice president of operations, A&E and assembly at Nexii to assistance align processes, teams and vital operations, according to the launch.

“Omicron was one particular of the early shareholders to comprehend the opportunity of Nexii and make investments in the firm due to the fact we recognized the energy of their revolutionary technologies,” Tucker claimed in the launch. “Nowadays, we acquire our valuable partnership just one step even further, combining our teams and processes to provide a lot quicker, greener, a lot more economical assignments for all our consumers.”

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