Black Diamond Group Limited announced the closing of an asset purchase of 329 space rental units, plus ancillary assets ("Assets") for $20.45 million in cash, funded through the Company's existing asset-based lending facility. The Assets are primarily located in Kitimat, British Columbia and are well-suited to service the Company's broad Western Canadian Modular Space Solutions markets where the Company continues to see healthy demand related to construction and infrastructure. In connection with the asset purchase, Black Diamond is also announcing an agreement with Gitxaala Enterprises Limited Partnership, the economic operating arm for the Gitxaala Nation.