M&A Deal Summary

Aecon Acquires Lockerbie & Hole

On April 1, 2009, Aecon acquired construction company Lockerbie & Hole for 220M USD

Acquisition Highlights
  • This is Aecon’s 3rd transaction in the Construction sector.
  • This is Aecon’s largest (disclosed) transaction.
  • This is Aecon’s 3rd transaction in Canada.
  • This is Aecon’s 2nd transaction in Alberta.

M&A Deal Summary
Date 2009-04-01
Target Lockerbie & Hole
Sector Construction
Buyer(s) Aecon
Deal Type Add-on Acquisition
Deal Value 220M USD
Advisor(s) GMP Securities LP (Financial)

Target

Lockerbie & Hole

Edmonton, Alberta, Canada
Lockerbie & Hole, Inc. is a provider of construction services.

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Buyer(S) 1

Buyer

Aecon

Toronto, Ontario, Canada

website

Category Company
Founded 1877
Sector Construction
Employees5,600
Revenue 4.0B CAD (2021)
DESCRIPTION

Aecon is a construction and infrastructure development providing integrated turnkey services to private and public sector clients. Aecon was incorporated in 1877 and is based in Toronto, Canada.

DEAL STATS #
Overall 3 of 5
Sector (Construction) 3 of 5
Type (Add-on Acquisition) 3 of 5
State (Alberta) 2 of 3
Country (Canada) 3 of 5
Year (2009) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-15 South Rock

Medicine Hat, Alberta, Canada

South Rock Ltd is a provider of road construction contractor services in Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-01 GCCL Contracting

Orangeville, Ontario, Canada

GCCL Contracting Ltd is a asphalt, paving and construction company

Buy -
Mergr

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