IBI Group Inc T.IBG.DB.E

Interesting win up in Thornbury, ON

[Calgaryrider]

Interesting few days of trading....short-term tomfullery.....but a decent opportunity for topping up too!

Anyways, I thought I'd share a story about a recent IBI win.
It's proabably around $1M-$2M worth of work over the next few years, which isn't exactly needle-moving, but what's particularily interesting about this win is that it's right smack dab in the middle of the wastewater treatment field.  IBI would've  never bid (no less won) such a bid a couple of years ago, but that recent acquisition of Cole Engineering has obviously added a bunch of street cred.  Great to see.

To be sure, this doesn't mean they're winning the big contracts with the City's of Toronto, Hamilton, Halton, etc. YET, but they're starting to nip at the heels of competition in the water/wastewater design & engienering spaces..... and those larger contracts will come where IBI can leverage their bullet-proof reputations with those municipalities with regards to planning, transportation, infrastructure, etc.

Here's the link:
https://www.collingwoodtoday.ca/town-of-blue-mountains/engineering-firm-secured-for-the-thornbury-wastewater-treatment-plant-expansion-4925514

Also, here's some other cool work IBI is doing in the region as well.....connecting mobility between towns and using smart infrastructure / planning to improve performance and lower costs:  https://www.collingwoodtoday.ca/local-news/collingwood-transit-switching-to-on-demand-service-this-summer-4890366

CR