CALGARY, ALTA. – Graham Group of Companies is expanding its capacity in Western Canada with a major asset acquisition.
Graham announced it has finalized an agreement with global infrastructure consulting firm AECOM to take over the North American assets of AECOM’s energy operations and maintenance division (EOM).
The acquisition is still subject to regulatory approval but Graham anticipates it will be completed by the end of January 2022.
The company stated that the assets will significantly expand its capacity to provide maintenance, turnaround, fabrication and sustaining capital services for major energy, industrial and petrochemical companies in Western Canada, Ontario, and the U.S.
“The acquisition of AECOM’s EOM Division is part of Graham’s strategic plan for expanding and diversifying our industrial operations across North America,” said Andy Trewick, Graham’s President and Chief Executive Officer. “It dramatically enhances our ability to provide one-stop services for major industrial clients, from initial construction through lifetime asset maintenance.”
The acquisition is expected to boost employee-owned Graham’s annual revenues by more than $550 million, making it the country’s third largest construction company and one of North America’s top 50 largest construction companies.
“Through more than nine decades in the construction business, Graham has a long and proud history of building industrial infrastructure – the mines, refineries, pipelines, petrochemical plants, power generation and hydroelectric facilities that have driven economic growth and prosperity across the continent,” said Cecil Dawe, Executive Vice President of Graham’s Industrial Division. “Graham was an early pioneer in building alternate energy infrastructure. The addition of the EOM Division expands our capability to build and maintain the energy and industrial infrastructure of the 21st century, building on Graham’s expertise delivering wind farms, LNG plants, biofuel refineries and carbon capture and storage facilities.
The Journal of Commerce will continue to update this story.