Aecon - M&A Summary and Business Overview

ConstructionCompany

Aecon M&A Summary

Aecon has acquired 8 companies, including 3 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 2 assets.

Aecon’s largest acquisition to date was in 2009, when it acquired Lockerbie & Hole for $220M. It’s largest disclosed sale occurred in 2018, when it sold Aecon Group - Contract Mining Business to North American Construction Group for $199M. Aecon has acquired in 2 different US states, and 2 countries. The Company’s most targeted sectors include construction (75%) and business services (25%).

Aecon Business Overview

Where is Aecon headquartered?

Aecon is headquartered in Toronto, Ontario.

What is Aecon’s revenue?

Aecon disclosed revenue of 4,644M CAD for 2023 and 4,696M CAD for 2022.

How many employees does Aecon have?

Aecon has 8,684 employees.

What sector is Aecon in?

Aecon is a construction company.

When was Aecon founded?

Aecon was founded in 1877.

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity8
    • M&A Sell Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 4
  • M&A Advisors 2

Aecon

Aecon Group, Inc.

20 Carlson Court, Suite 105,
Toronto, Ontario M9W 7K6
Canada,
(416) 297-2600
www.aecon.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 5 - - - - 3 8
vol $400M $106M $506M
Sell (0.0/yr) # 2 - - - - - 2
vol $234M $234M
  10

Most Recent M&A

Company Date Value Type
Ainsworth, Inc. 2024-12-02 - Divestiture
Toronto, Ontario · www.ainsworth.com
United Engineers & Constructors, Inc. 2024-10-28 33M USD Add-on Acquisition
Mt. Laurel, New Jersey · www.ueci.com
Xtreme Powerline Construction 2024-07-02 73M USD Add-on Acquisition
Port Huron, Michigan · www.xtremepowerline.com
Aecon Group, Inc. - Contract Mining Business 2018-10-03 199M USD Divestiture
Toronto, Ontario
Innovative Steam Technologies, Inc. (IST) 2015-04-13 35M USD Divestiture
Cambridge, Ontario · www.otsg.com
Cow Harbour Construction Ltd 2010-08-27 180M USD Add-on Acquisition
Fort McMurray, Alberta
GCCL Contracting Ltd 2010-03-01 - Add-on Acquisition
Orangeville, Ontario
Lockerbie & Hole, Inc. 2009-04-01 220M USD Add-on Acquisition
Edmonton, Alberta
South Rock Ltd 2009-01-15 - Add-on Acquisition
Medicine Hat, Alberta · www.southrock.ca
The Karson Group 2007-02-01 - Add-on Acquisition
Carp, Ontario · www.karson.ca
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Construction 6 (75%) 433M (86%) - -
Business Services 2 (25%) 73M (14%) - -
Electrical Equipment - - 1 (50%) 35M (15%)
Metals/Mining - - 1 (50%) 199M (85%)
Total 8 $506M 2 $234M

By Geo

State/Country Buy Value Sell Value
Canada 6 400M 2 234M
  Ontario 3 - 2 234M
  Alberta 3 400M - -
United States 2 106M - -
  New Jersey 1 33M - -
  Michigan 1 73M - -
Domestic 6 (75%) 400M (79%) 2 (100%) 234M (100%)
Cross-border 2 (25%) 106M (21%) - -
Total 8 $506M 2 $234M

Top M&A Advisors

Financial Deals
GMP Securities
1
Legal Deals
Davies Ward Phillips & Vineberg
1

Deal Values

buy # Total
$100M to $1B 2 $400M
< $100M 2 $106M
TOTAL $506M
Largest Lockerbie & Hole, Inc.
$220M (2009-04-01)
sell # Total
$100M to $1B 1 $199M
< $100M 1 $35M
TOTAL $234M
Largest Aecon Group, Inc. - Contract Mining Business
$199M (2018-10-03)

M&A Connections

Deals
Acquired from
Investor(s)
13%
1 (13%)
Strategic(s)
13%
1 (13%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

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