Graham set to grow by acquisition
By Adam FreillConstruction
Graham poised to become Canada’s third-largest construction company and one of North America’s 50-largest construction companies through acquisition of AECOM’s EOM Division.
Graham Group of Companies has announced an agreement to acquire the North American assets of AECOM’s Energy Operations and Maintenance Division (EOM). Graham is an employee-owned construction solutions partner with revenues exceeding $3 billion annually, while AECOM is a global infrastructure consulting firm.
The acquisition, subject to regulatory approvals and expected to be completed by the end of January 2022, will significantly expand 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.
“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 CEO. “It dramatically enhances our ability to provide one-stop services for major industrial clients, from initial construction through lifetime asset maintenance.”
Acquiring AECOM’s EOM Division will immediately boost Graham’s annual revenues by more than $550 million, making it Canada’s third-largest construction company and one of North America’s 50-largest construction companies. Once consummated, the purchase will provide Graham’s customers with access to a 3,000-worker pool of skilled labour through allied subcontractors
“Through more than nine decades in the construction business, Graham has a long and proud history of building industrial infrastructure,” said Cecil Dawe, executive vice-president of Graham’s industrial division. “The addition of the EOM Division expands our capability to build and maintain the energy and industrial infrastructure of the 21st century.”