CALGARY, AB, Jan. 21, 2022 /CNW/ - ATCO Ltd. (TSX:
ACO.X) (TSX: ACO.Y)
ATCO Frontec, part of the ATCO Group, has been awarded a
facility operations and maintenance contract for 15 Department of
National Defence (DND) sites in Alberta, including armouries, training camps
and the Military Museums. Defence Construction Canada (DCC), a
Crown corporation that provides federal defence infrastructure and
environment services, awarded the five-year contract on behalf of
DND.
"We have been providing logistics support to DND and working
with DCC for nearly 20 years. Our Frontec team is excited to assume
responsibility for the operation and maintenance for these critical
DND sites across Alberta," said
Jim Landon, President, ATCO
Frontec.
Valued at $25 million over the
first five years, the contract begins in April 2022 (with two three-year option
extensions) and will be performed by Frontec's new business unit,
ATCO Facility Solutions.
ATCO Facility Solutions was created to provide facility
operations and maintenance services in underserved or remote areas,
and first launched in Yellowknife,
Northwest Territories, in 2021. The model allows for a
mobile and agile approach to servicing facility maintenance
contracts, where client sites are widely spread out.
ATCO will be responsible for the full spectrum of facility
maintenance and support services and will manage a gross total
building area of 90,169 square metres, plus 135 hectares of range
and training areas.
In 2018, ATCO was awarded a five-year contract by DCC on behalf
of DND to provide facility management services at five Canadian
Armed Forces sites across the North. Before 2018, ATCO held
operations and maintenance contracts supporting upwards of 48 DND
sites across Ontario over a
15-year period.
With approximately 6,200 employees and assets of $22 billion, ATCO is a diversified global
corporation with investments in the essential services of
Structures & Logistics (workforce and residential housing,
innovative modular facilities, construction, site support services,
workforce lodging services, facility operations and maintenance,
defence operations services, and disaster and emergency management
services); Utilities (electricity and natural gas transmission and
distribution, and international electricity operations); Energy
Infrastructure (electricity generation, energy storage and
industrial water solutions); Retail Energy (electricity and natural
gas retail sales); Transportation (ports and transportation
logistics); and Commercial Real Estate. More information can be
found at www.ATCO.com.
Investor Inquiries:
Colin
Jackson
Vice President, Finance, Treasury, Risk & Sustainability
403 808 2636
colin.jackson@atco.com
Media Inquiries:
Kurt
Kadatz
Senior Manager, Corporate Communications
587 228 4571
kurt.kadatz@atco.com
Forward-Looking Information:
Certain
statements contained in this news release may constitute
forward-looking information. Forward-looking information is often,
but not always, identified by the use of words such as
"anticipate", "plan", "estimate", "expect", "may", "will",
"intend", "should", and similar expressions.
Forward-looking information involves known and unknown risks,
uncertainties and other factors that may cause actual results or
events to differ materially from those anticipated in such
forward-looking information.
The Company's actual results could differ materially from
those anticipated in this forward-looking information as a result
of regulatory decisions, competitive factors in the industries in
which the Company operates, prevailing economic conditions
(including as may be affected by the COVID-19 pandemic), and other
factors, many of which are beyond the control of the
Company.
The Company believes that the expectations reflected in the
forward-looking information are reasonable, but no assurance can be
given that these expectations will prove to be correct and such
forward-looking information should not be unduly relied
upon.
Any forward-looking information contained in this news
release represents the Company's expectations as of the date
hereof, and is subject to change after such date. The Company
disclaims any intention or obligation to update or revise any
forward-looking information whether as a result of new information,
future events or otherwise, except as required by applicable
securities legislation.
SOURCE ATCO Ltd.