Company DescriptionCiveo Corporation is a leading provider of workforce accommodations, catering, and facility management services, primarily serving the natural resources industry in regions such as Canada, Australia, and the United States. The company specializes in delivering cost-effective and scalable solutions for remote workforces, ensuring comfortable living conditions, quality dining experiences, and comprehensive services that support productivity and employee well-being.
How the Company Makes MoneyCiveo makes money through the provision of accommodation and related services for workers in remote locations, primarily in the oil, mining, and natural resources sectors. The company's revenue model is based on long-term contracts and service agreements with major resource development companies, where it provides lodging, food services, and facility management to support large-scale projects. Key revenue streams include room revenues, catering services, and facility management fees. Civeo also benefits from strategic partnerships and maintains a focus on operational efficiency to enhance its profitability in competitive markets.