Remote workforce accommodations specialist Target Logistics has acquired Chard Camp Catering Service Ltd., a Canadian provider of remote workforce housing and catering services. Chard was purchased by a Canadian subsidiary of Algeco Scotsman, Target Logistics’ parent company, and will be managed by Target Logistics.
Chard owns and operates a 278-bed open camp located about 88 km south of Fort McMurray, Alberta. Target Logistics said the facility has significant space for future expansion to accommodate the region’s fast-growing steam-assisted gravity drainage (SAGD) operations.
With the addition of Chard, Target Logistics operates 17 properties in the United States, Canada and Mexico with more than 5,500 total beds.
According to the new owner, the Chard facility will undergo significant renovations, including new rooms and amenities, a new kitchen, a new dining room and recreation facilities.
Chard was acquired from its former shareholders at a total enterprise value of C$10.8 million.