Aecon Group Inc. announced that a joint venture between Aecon (40%) and Traylor Bros Inc. (60%) has been awarded a $267 million contract by Metro Vancouver (Greater Vancouver Water District) for the Second Narrows Water Supply Tunnel project in British Columbia.
Aecon Group Inc. has entered into a definitive asset purchase agreement with North American Construction Group Inc. under which Aecon has agreed to sell to NACG substantially all of the assets related to Aecon's Contract Mining business for $199.1 million in cash.
Aecon Group Inc. announced that SA Energy Group, a 50/50 joint venture between Aecon and Robert B. Somerville Co. Ltd., has been awarded a $526 million contract by TransCanada Corporation, for Spreads 3 and 4 of the Coastal GasLink Pipeline project in British Columbia.
Aecon Group Inc. reported strong results for the second quarter of 2018, reflecting the early stages of realizing the benefits of a growth in backlog to a record level of $6.4 billion.
Aecon Group Inc. announced that its Board of Directors has appointed Jean-Louis Servranckx (pronounced Servranx) as the Company's President and Chief Executive Officer, effective September 4, 2018. Upon Mr. Servranckx' assumption of the CEO role, John M. Beck will assume his previous role as Executive Chair of the Board and Brian V. Tobin will resume the Lead Director role.
Aecon awarded pipeline construction contract by Enbridge for Line 3 Replacement Phase 2 project in Manitoba
Aecon Group Inc. has announced that SA Energy Group, a 50/50 joint venture between Aecon and Robert B. Somerville Co. Ltd., has been awarded a $282 million contract by Enbridge Pipelines Inc. for Spreads 8 and 9 of the Line 3 Replacement Phase 2 project in Manitoba.
Aecon Group Inc. has been awarded a $248 million contract by the City of Toronto for the F.G. Gardiner Expressway Rehabilitation Project: Section 1. The project is a segment of the City of Toronto's overall F.G. Gardiner Strategic Rehabilitation Plan, which will see the rehabilitation of the entire expressway.
A proposed sale of one of Canada's largest general contracting companies to a Chinese firm has been blocked by the federal government, which stated that such a sale might infringe upon national security.
A partnership between Aecon, Flatiron Constructors Canada Limited, Dragados Canada, Inc., and EBC Inc. (AFDE Partnership) has signed the contract with BC Hydro for the Site C Generating Station and Spillways (GSS) Civil Works.