The purchase will give the company better access to eastern North American markets while expanding the range of services it provides
Calgary-based Graham Group is now the largest construction company in Western Canada and third largest in Canada.
The employee-owned company purchased the North American assets of AECOM’s energy operations and maintenance, 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 offerings to clients.
“With a maintenance and with a capital ability, we believe that we can actually deliver more services to the customers,” he told Postmedia last week.
He said the company has been looking at the potential purchase since 2019, when AECOM put the division up for sale.
Trewick would not say how much the acquisition cost.
Prior to the deal, Graham had annual revenues of more than $4 billion annually, working on a wide range of projects from general contracting, design-build, integrated project delivery, construction management, public-private partnerships and development services in the buildings, industrial, infrastructure, water and project finance sectors. Graham employs more than 2,200 people.
The purchase will give the company better access to eastern North American markets while expanding the range of services it provides.
There are no plans to downsize the workforce following the transaction and all existing contracts will be maintained, meaning 3,000 employees and contractors will be brought under the Graham umbrella.
Trewick said the new division will expand and evolve to keep up with the changing environment and needs of clients, particularly as the energy sector transitions to greener technologies and investments.
“If we’re one of their trusted suppliers we’ll be aligned with them on that journey as well,” he said. “This business doesn’t do the engineering, it delivers the service, so it will be aligned to that and have that ability to maintain in all of those different sectors.”
Trewick noted the purchase builds on an acquisition Graham made four years ago when it bought Quinn Contracting, based out of Blackfalds, but this will give the company an even bigger share of the market.
There currently are no plans or targets for future expansion for Graham.
“Growth for the sake of growth is not something we need to pursue,” said Trewick. “If there is something that aligns to our strategy at the corporate level, then we’ll look at those opportunities.”