Graham announced it has finalized an agreement with global infrastructure consulting firm AECOM to take over the North American assets of AECOM’s energy operations and maintenance division (EOM).
The acquisition is expected to boost employee-owned Graham’s annual revenues by more than $550 million, making it the country’s third largest construction company and one of North America’s top 50 largest construction companies.
“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.”
The acquisition is subject to regulatory approvals which are expected to be completed by the end of January 2022. The acquisition 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.
“Through more than nine decades in the construction business, Graham has a long and proud history of building industrial infrastructure – the mines, refineries, pipelines, petrochemical plants, power generation and hydroelectric facilities that have driven economic growth and prosperity across the continent,” said Cecil Dawe, executive vice president of Graham’s Industrial Division.
“Graham was an early pioneer in building alternate energy infrastructure. The addition of the EOM Division expands our capability to build and maintain the energy and industrial infrastructure of the 21st century, building on Graham’s expertise delivering wind farms, LNG plants, biofuel refineries and carbon capture and storage facilities. Bringing in EOM’s operations and skilled workers to our team of allied subcontractors raises our game to a whole new level for our clients and our Indigenous partners, and firmly establishes our company as a leader in North American industrial construction and services.”
