Graham is now the largest construction company in Western Canada

The purchase will give the company better access to eastern North American markets while expanding the range of services it offers

Content of the article

Calgary-based Graham Group is now the largest construction company in Western Canada and the third largest in Canada.

Content of the article

The employee-owned company purchased AECOM’s North American energy operations and maintenance assets, adding about $500 million in revenue to its annual bottom line.

Andy Trewick, CEO of Graham, said the deal will help the company become a full-service provider, with the ability to expand customer offerings.

Content of the article

“With maintenance and capital capacity, we believe we can actually provide more service to customers,” he told Postmedia last week.

He said the company had been considering the potential purchase since 2019, when AECOM put the division up for sale.

Trewick would not say how much the acquisition cost.

Content of the article

Prior to the deal, Graham had annual revenues of over $4 billion a year, working on a wide range of projects ranging from general contracting, design-build, integrated project delivery, project management construction, public-private partnerships and development services in buildings, industry, infrastructure, water and project finance. Graham employs over 2,200 people.

Content of the article

The purchase will give the company better access to eastern North American markets while expanding the range of services it offers.

There are no plans to downsize post-transaction and all existing contracts will continue, meaning 3,000 employees and contractors will be brought together under the Graham umbrella.

Trewick said the new division will grow and evolve to keep pace with the changing environment and customer needs, particularly as the energy sector transitions to greener technologies and investments.

“If we are one of their trusted suppliers, we will be aligned with them on this journey as well,” he said. “This company doesn’t do the engineering, they provide the service, so they will be aligned with that and have the ability to sustain themselves in all of these different areas.”

Trewick noted the purchase builds on an acquisition Graham made four years ago when he bought Blackfalds-based Quinn Contracting, but it will give the company even greater market share.

There are currently no future expansion plans or goals for Graham.

“Growth for growth’s sake is not something we have to pursue,” Trewick said. “If there is anything that aligns with our strategy at the business level, we will look at those opportunities.”

[email protected]

Twitter: @JoshAldrich03

Comments are closed.