Toronto, Ontario and Edmonton, Alberta – March 12, 2009: Aecon Group Inc. ("Aecon") (TSX:ARE) and Lockerbie & Hole Inc. ("Lockerbie") (TSX:LH) today announced that Lockerbie has mailed to its shareholders the meeting materials for the special meeting of Lockerbie's shareholders to be held on March 31, 2009 to approve an arrangement under theBusiness Corporations Act (Alberta) pursuant to which Aecon will acquire all of the outstanding shares of Lockerbie. Closing of the transaction is scheduled for April 1, 2009, with closing being subject to approval of Lockerbie’s shareholders, court approval, regulatory approvals and certain other conditions.
About Aecon
Aecon is Canada's largest publicly traded construction and infrastructure development company. Aecon and its subsidiaries provide services to private and public sector clients throughout Canada and internationally. Aecon is pleased to be recognized as one of the 50 Best Employers in Canadaas published by Report on Business Magazine and as one of Canada’s Top 100 Employers as published in Maclean’s Magazine.
About Lockerbie
Lockerbie was founded in 1898 and is one of the largest mechanical construction contractors in Canada. Lockerbie is a multi-disciplined contractor providing mechanical, electrical, instrumentation, pipe fabrication, module assembly, boiler erection, insulation and civil construction services primarily to the oilsands, mining, institutional, municipal and commercial market sectors. Lockerbie is headquartered in Edmonton, Alberta.
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