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News Release

Aecon announces resignation of director, the Honourable Brian Tobin

Nov 5, 2018
Aecon Group Inc. announced today that the Honourable Brian V. Tobin, P.C., O.C. will step down from Aecon’s board of directors, effective December 31, 2018.

News Release

Aecon joint venture awarded contract for Second Narrows Water Supply Tunnel project in British Columbia

Nov 1, 2018
Aecon Group Inc. announced today 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.

News Release

Aecon reports third quarter 2018 results including strong revenue and profit growth, as well as record backlog of $7.0 billion

Oct 25, 2018
Aecon Group Inc. today reported strong results for the third quarter of 2018, with significant growth in revenue and profitability demonstrating ongoing ramp up and execution on a record level of backlog.

News Release

Aecon agrees to sell Contract Mining business to North American Construction Group

Oct 3, 2018
Aecon Group Inc. announced today that it has entered into a definitive asset purchase agreement with North American Construction Group Inc. ("NACG") (TSX: NOA/NYSE: NOA) 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.

News Release

Aecon awarded pipeline construction contract by TransCanada for Coastal GasLink Pipeline project in British Columbia

Oct 2, 2018
Aecon Group Inc. announced today 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.

News Release

Aecon announces closing of the over-allotment option associated with its recently completed public offering of convertible debentures

Oct 1, 2018
Aecon Group Inc. today announced that it successfully closed the issuance of an additional $24 million aggregate principal amount of 5.0% convertible unsecured subordinated debentures due December 31, 2023 (the “Debentures”) pursuant to the full exercise of the over-allotment option granted to the syndicate of underwriters led by TD Securities Inc. and CIBC Capital Markets in connection with the Company’s recent public offering of $160 million aggregate principal amount of Debentures that closed on September 26, 2018, bringing the total aggregate gross proceeds from the offering to $184 million.

News Release

Aecon consortium reaches financial close on Gordie Howe International Bridge project

Sep 28, 2018
Aecon Group Inc. announced today that Bridging North America has reached financial close on the previously disclosed Gordie Howe International Bridge project. The fixed-priced contract is valued at $5.7 billion (nominal value), which includes the design-build (DB) phase and the 30-year operation, maintenance and rehabilitation (OMR) phase.

News Release

Aecon announces $160 million public offering of convertible debentures

Aug 6, 2018
Aecon Group Inc. today announced that it has entered into an agreement with a syndicate of underwriters co-led by TD Securities Inc. and CIBC Capital Markets pursuant to which the underwriters will purchase, on a bought deal basis, $160 million aggregate principal amount of convertible unsecured subordinated debentures at a price of $1,000 per debenture (the “Debentures”).

Article

Aecon announces partnership with Mikisew Group of Companies and Master Service Agreement for Fort Hills oil sands project

Jul 30, 2018
Aecon Group Inc. announced today that Mikisew Aecon Limited Partnership, a newly formed joint venture between Aecon (49%) and Mikisew Group of Companies (Mikisew Cree First Nation) (51%), has been awarded a Master Service Agreement (MSA) by Fort Hills Energy L.P. for work on the Fort Hills oil sands project located approximately 90 kilometres north of Fort McMurray, Alberta. The Fort Hills oil sands project is operated by Suncor. Two initial contracts awarded under the MSA are expected to have an estimated aggregate value of approximately $100 million.

News Release

Aecon reports second quarter 2018 results, including strong revenue, margin and profit growth, as well as record backlog of $6.4 billion

Jul 26, 2018
Aecon Group Inc. today 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.

News Release

Aecon appoints global construction leader Jean-Louis Servranckx as President and Chief Executive Officer

Jul 23, 2018
Aecon Group Inc. announced today 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.

News Release

Aecon awarded pipeline construction contract by Enbridge for Line 3 Replacement Phase 2 project in Manitoba

Jul 18, 2018
Aecon Group Inc. announced today 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.

News Release

Aecon awarded contract for the F.G. Gardiner Expressway Rehabilitation Project: Section 1 in Toronto

Jul 12, 2018
Aecon Group Inc. announced today that it 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.

News Release

Government of Canada Rejects Aecon Sale to CCCI

May 23, 2018
Aecon Group Inc. was informed today that the Governor in Council has issued an order under the Investment Canada Act directing CCCC International Holding Limited (“CCCI”) not to implement its proposed acquisition of Aecon. As a result, the Arrangement between Aecon and CCCI will not proceed.

News Release

Aecon announces second quarter 2018 dividend

May 18, 2018
Aecon Group Inc. today announced its second quarter dividend of $0.125 cents per common share. The dividend will be paid on July 3, 2018 to shareholders of record on June 25, 2018.

News Release

Aecon with joint venture partners SNC-Lavalin and AECOM awarded Fuel Channel and Feeder Replacement contract by Bruce Power

May 14, 2018
Aecon Group Inc. announced today that a joint venture between Aecon, SNC-Lavalin and AECOM has been awarded a $475 million contract by Bruce Power to execute the Unit 6 Fuel Channel and Feeder Replacement (FCFR) at the Bruce Nuclear Generating Station in Kincardine, Ontario.

News Release

Aecon announces results of vote for the election of directors

May 10, 2018
Aecon Group Inc. announced today that the nominees listed in the Management Information Circular dated April 5, 2018 were elected as directors of Aecon Group Inc., to hold office until the next Annual Meeting of Shareholders or until their successors are appointed.

News Release

Aecon consortium reaches financial close on Finch West Light Rail Transit project

May 7, 2018
Aecon Group Inc. announced today that Mosaic Transit Group has reached commercial and financial close on the previously disclosed Finch West Light Rail Transit (LRT) project in Toronto. The total contract is valued at $2.5 billion, which includes $1.2 billion of construction costs.

News Release

Aecon reports first quarter 2018 results

Apr 25, 2018
Aecon Group Inc. today reported results for the first quarter of 2018.

News Release

NouvLR General Partnership finalizes contract for the Réseau express métropolitain (REM)

Apr 12, 2018
Aecon Group Inc. announced today that NouvLR General Partnership (“NouvLR”) has finalized a $5 billion contract with CDPQ Infra Inc. (“CDPQ Infra”), subsidiary of the Caisse de dépôt et placement du Québec, for the engineering, procurement and construction of the Réseau express métropolitain (“REM”).

News Release

Aecon consortium selected as preferred proponent for the Finch West Light Rail Transit project in Toronto

Apr 11, 2018
Aecon Group Inc. announced today that Mosaic Transit Group has been selected by Metrolinx and Infrastructure Ontario as preferred proponent for the Finch West Light Rail Transit (LRT) project in Toronto. Mosaic Transit Group is comprised of Aecon, ACS Infrastructure Canada Inc. and CRH Canada Group Inc.

Article

Aecon proud to be recognized as a Top Canadian company by the LinkedIn community

Mar 28, 2018
Aecon’s greatest asset is its people. Creating an engaging culture is a point of pride for people across our organization.

News Release

Aecon Announces Extension of the Arrangement Agreement Outside Date

Mar 28, 2018
Aecon Group Inc. today announced that by mutual agreement, it is extending the Outside Date for completing the Plan of Arrangement with CCCC International Holding Limited (CCCI) to July 13, 2018.

News Release

Aecon reports 2017 results and announces annual dividend

Mar 6, 2018
Aecon Group Inc. today reported results for the fourth quarter and full year 2017, including growth of year-end backlog, improved Adjusted EBITDA margin and significant new project awards. Aecon’s Board of Directors approved an annual dividend of 50 cents per share.