Civeo Announces Limited Partnership with Six Nations of the Grand River Development Corporation to Launch CiveoSix | CVEO Stock News

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  • Civeo Corporation (CVEO, Financial) and Six Nations of the Grand River Development Corporation partner to form CiveoSix, a limited partnership.
  • CiveoSix will offer hospitality, food services, janitorial, and property maintenance services.
  • This partnership aims to create sustainable economic opportunities for the Six Nations community.

Civeo Corporation (CVEO), a leading provider of hospitality services, announced a strategic partnership with Six Nations of the Grand River Development Corporation (SNGRDC) to launch a new limited partnership called CiveoSix. This collaboration aims to deliver comprehensive hospitality, food services, janitorial, and property maintenance solutions.

Matt Jamieson, President & CEO of SNGRDC, highlighted the partnership as an opportunity to generate sustainable economic benefits for the Six Nations community. Civeo's wealth of industry expertise and operational experience will guide business development initiatives, while SNGRDC will utilize Indigenous procurement opportunities to create employment pathways for its members.

Andy Fraser, President of Civeo Canada, emphasized Civeo's commitment to working closely with Indigenous communities. This partnership is part of Civeo's ongoing efforts towards economic reconciliation and promises to harness the commercial potential of both organizations' joint efforts.

Civeo's notable track record with Indigenous relations is reinforced by its Gold membership in the Canadian Council of Indigenous Business' Partnership Accreditation in Indigenous Relations program. This certification reflects Civeo's dedication to inclusive business practices and an equitable work culture.

Civeo Corporation operates 24 lodges and villages in North America and Australia, providing accommodations and essential services like food, security, and facilities management. The company is publicly traded under the ticker CVEO.

SNGRDC, managing the economic interests of the Six Nations community, boasts a robust energy portfolio with over 2.4 GW of capacity across various projects, contributing to the local economy and providing employment.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.