Fairfax to Buy Some Carillion Contracts

Carillion workers

CBJ — Prem Watsa’s Fairfax Financial has agreed to buy certain contracts related to infrastructure services company Carillion Canada, which recently sought creditor protection.

Fairfax will take over contracts to provide facilities management at airports, commercial and retail properties, defence facilities, some healthcare facilities and for a number of oil, gas and mining clients — a move that will make sure those services continue to be performed. Financial terms have not been publicly disclosed but it’s expected as many as 4,500 people will now work for Fairfax.

@CanBizJournal

Recommended
surveillance systemNuuvera Inc--Nuuvera and Aphria finalize offtake agreement for e