Civeo Corporation, a global provider of workforce accommodations and facility management services, has announced a significant new contract in Australia. The company has been awarded a three-year integrated services agreement with a major metallurgical coal producer, marking its first such contract in Queensland.
Highlights:
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New Milestone in Queensland:
This is Civeo’s first integrated services contract in the Queensland region, emphasizing its growing footprint across Australia. -
Contract Scope:
The agreement includes comprehensive onsite catering, cleaning, and maintenance services for two villages in the Bowen Basin. -
Revenue Impact:
The three-year contract, set to begin in June 2025, is expected to generate approximately A$64 million in revenue, contributing to the company’s 2025 revenue and Adjusted EBITDA guidance. -
Client Relationship Strength:
The coal producer is already one of Civeo’s largest clients at its owned villages, with a partnership spanning over a decade. -
Leadership Commentary:
Bradley J. Dodson, Civeo’s President and CEO, emphasized the significance of the deal, citing it as a testament to the company’s service quality and trusted client relationships.
Civeo’s latest contract in the Bowen Basin showcases the company’s continued expansion into integrated services and reinforces its long-standing commitment to excellence in workforce hospitality. As the demand for high-quality village management grows, Civeo is poised to lead in delivering comprehensive, people-focused workplace solutions across Australia.
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