The Hillcore Group (“Hillcore”) is pleased to announce that it has signed an agreement with ACS Industrial Services, Inc. a subsidiary of Grupo ACS (“ACS”). The agreement creates a process for Hillcore and ACS to work for Hillcore bidding on utility scale wind power programs. Hillcore is currently preparing a bid for the planned SaskPower wind power installation that is expected to reach 800MW of capacity.
Hillcore has completed preliminary plans for the project and is expected to be the project owner and principal of the initial project. ACS Industrial Services through its associates, Cobra Group, is expected to provide its global experience and expertise in the Engineering, Procurement and Construction Services, as well as the Operation and Maintenance Services.
“We are pleased to be working with ACS Industrial Services to develop comprehensive and competitive bids for these important renewable power projects in Saskatchewan. ACS Industrial Services and its associates brings deep experience and global expertise that complements our local knowledge, First Nations relationships, and our Canadian construction and fabrication expertise. We are confident that working with ACS Industrial Services is a winning formula for providing us access to this multi-billion dollar market opportunity in Saskatchewan and other Canadian Provinces.” said Greg Tedesco, CFO of Hillcore.
About Hillcore Group
The Hillcore Group (http://hillcoregroup.com) is a leading independent Canadian investment and advisory firm with offices in Toronto, Vancouver, Calgary and Montreal. Entities under the Hillcore Group’s management have an asset value in excess of $4.4 billion, as of December 31, 2015. Since 2005, Hillcore has completed acquisitions, directly or indirectly through their investment funds, with an aggregate asset value in excess of $7.2 billion, including $710 million in 2015 alone.
About ACS Group
The ACS Group (http://www.grupoacs.com/index.php/en) is a worldwide leader in construction and services activities. A group taking part in the development of key sectors for the economy such as infrastructures and energy. A company committed to the social and economic progress of the countries in which it is present.
ACS Group has over €35 billion in both worldwide assets and annual revenues. The success of the Group’s performance is based on an efficient organization and a dynamic and entrepreneurial management, implemented through successive processes of mergers, takeovers and strategic plans committed to client’s satisfaction as well as to maximizing profitability for ACS shareholders.