Target Logistics, a global provider of remote workforce accommodations, acquired Chard Camp Catering Service, a Canadian provider of remote workforce housing and catering services. Chard was acquired by a Canadian subsidiary of Algeco Scotsman, Target’s parent company, and will be led and managed by Target Logistics.
Chard owns and operates a 278-bed open camp located on Highway 881 at kilometer marker 242 (about 40 kilometers south of Anzac and 88 kilometers south of Fort McMurray). The facility has significant space for future expansion to accommodate the region’s fast-growing steam assisted gravity drainage (SAGD) operations.
“This transaction represents a strategic acquisition for Algeco Scotsman and Target Logistics and marks the beginning of our expansion into the rapidly expanding Canadian remote accommodation management segment. This business complements our existing accommodation, office, and storage leasing and sale business, broadening our offering to this attractive market,” said Jean-Marc Germain, president and CEO for Algeco Scotsman.
“We are excited to bring our turnkey product and service offering to the Canadian oil sands” stated Brian Lash, founder and CEO for Target Logistics. “Canada’s energy and resource sectors are very dynamic and present a significant growth opportunity for Target Logistics. As in every region in which we operate, Target Logistics is committed to creating meaningful and lasting relationships with the local community.”
With the addition of Chard, Target Logistics operates 17 properties in the United States, Canada and Mexico with more than 5,500 total beds.