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

Rokstad

Aug 20, 2018

Under the transaction, the Rokstad family assumes full ownership of the Rokstad Power Group of Companies from the Carillion Group. This includes all operations in Canada and the United States.

“We are both thrilled and relieved,” says Rokstad Power CEO 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.”

Rokstad Power 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).

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

Related Articles

Rexel Canada Aquires Lineman’s Testing Labratories of Canada

Rexel Canada Aquires Lineman’s Testing Labratories of Canada

Janaury 29, 2023 Rexel Canada aquires Lineman’s Testing Laboratories of Canada Ltd (LTL), a leading provider of high-voltage electrical services and products to the utility and industrial markets based in Toronto, ON and Edmonton, AB. The acquisition, which closed today, will provide Rexel Canada with enhanced opportunities in an attractive and value-added market. The acquisition…

St. Stephen Wharf

New Lighting to be Part of $1.15 Million Restoration of New Brunswick’s St. Stephen Wharf

 

Almost $1.15 million will be invested to restore a popular tourist attraction and gathering place in St. Stephen. “Tourism is a key part of your government’s economic vision,” said Premier Brian Gallant. “The investment in the St. Stephen wharf restoration project will help increase tourism in St. Stephen and Charlotte County.”

 

 

Latest Articles

  • Maximizing Excel: Practical Use Cases for Preconstruction

    Maximizing Excel: Practical Use Cases for Preconstruction

    November 8, 2024 By Melvin Newman Excel is a powerful and flexible tool that can enhance efficiency in electrical construction estimating.  Spreadsheets, like those in Excel, consist of a grid of “cells” where each cell can hold various types of data. Originating from mainframe computers in the 1960s and later developed for Apple computers in… Read More…

  • The Non-Residential Sector Declines in All Three Components Despite Sustained Industrial Permit Level

    The Non-Residential Sector Declines in All Three Components Despite Sustained Industrial Permit Level

    November 4, 2024 The total value of building permits in Canada decreased by $858.1 million (-7.0%) to $11.5 billion in August, following a strong July during which construction intentions rose sharply (+20.8%). The residential and non-residential sectors contributed to the decrease in August. On a constant dollar basis (2017=100), the total value of building permits decreased 7.6% in… Read More…

  • A Slight Decrease in Residential Building Construction for August

    A Slight Decrease in Residential Building Construction for August

    November 4, 2024 Investment in building construction edged up 0.2% to $21.0 billion in August, after a 1.6% decrease in July. The residential sector edged down (-0.1%) to $14.6 billion, while the non-residential sector was up 1.0% to $6.4 billion. Year over year, investment in building construction grew 7.2% in August. On a constant dollar basis (2017=100), investment in building construction was… Read More…

  • When a Familiar Door Closes

    When a Familiar Door Closes

    November 4, 2024 By Keith Sones, seasoned utility industry executive Most of the articles I’ve written have been based on personal experiences, many of them occurring decades ago, which eventually translate into helpful life lessons. The years allow the events to marinate in a savoury stew of time and reflection, clarity never coming immediately, or even… Read More…

Changing Scene