Graham finalizes deal for AECOM’s Energy Operations and Maintenance business
By Adam FreillConstruction Industrial
Purchase makes Graham third largest construction company in Canada and Western Canada’s largest industrial services company.
Graham Group has completed its acquisition of the North American assets of AECOM’s Energy Operations and Maintenance (EOM) business. The purchase significantly expands Graham’s 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.
Direct impacts to Graham include an immediate increase in annual revenues by more than $550 million and access to a 3,000-worker pool of skilled labour through allied subcontractors. With this added strength and expertise, Graham can now provide one-stop shop services for major industrial clients, from initial construction through lifetime asset maintenance.
“There is a lot of opportunity in the North American energy sector right now. We know that our major industrial clients are trying to meet the current demands of oil and gas, creating a greater need for maintenance, and sustaining capital services,” says Andy Trewick, president and CEO of Graham. “These same clients are also pursuing opportunities to transition their facilities to reduce emissions and support a lower carbon economy. We can now be the construction solutions partner in that transition.”
The company also says that the larger footprint in the resources sector will allows it to expand its Indigenous engagement program, where the company delivers projects through business partnerships with First Nations communities.
Graham is an employee-owned construction solutions partner with revenues exceeding $4 billion annually. With over nine decades of experience, Graham provides 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. The company has offices throughout North America, employing over 2,200 professionals.