Graham Group of Companies has announced an agreement with global infrastructure consulting firm AECOM to acquire the North American assets of AECOM\u2019s Energy Operations and Maintenance Division (EOM).<\/p>\n
The acquisition, subject to regulatory approvals expected to be completed by the end of January 2022, will significantly expand Graham\u2019s 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.<\/p>\n
\u201cThe acquisition of AECOM\u2019s EOM Division is part of Graham\u2019s strategic plan for expanding and diversifying our industrial operations across North America,\u201d said Andy Trewick, Graham\u2019s President and Chief Executive Officer. \u201cIt dramatically enhances our ability to provide one-stop services for major industrial clients, from initial construction through lifetime asset maintenance.\u201d<\/p>\n
Acquiring AECOM\u2019s EOM Division will immediately boost employee-owned Graham\u2019s annual revenues by more than $550 million, making it Canada\u2019s 3rd largest construction company and one of North America\u2019s top 50 largest construction companies, providing access to a 3,000-worker pool of skilled labour through allied subcontractors. Post-acquisition, the company will be a leading player in the industrial services sector in Western Canada, creating opportunities for growth there, in Ontario and the U.S. Headquartered in Calgary, Alberta, the acquisition of the EOM Division reflects confidence in the Western Canadian economies and in the case of Alberta, a favourable business climate.<\/p>\n
The acquisition coincides with surging energy demand and economic growth as the world recovers from the 2020 pandemic recession. It also positions Graham to play a leading role, in partnership with large energy and petrochemical producers, in accelerating the transition to a lower carbon economy and advancing Canada\u2019s national objective of Indigenous reconciliation through meaningful resource industry partnerships with Indigenous groups.<\/p>\n
\u201cThrough more than nine decades in the construction business, Graham has a long and proud history of building industrial infrastructure \u2013 the mines, refineries, pipelines, petrochemical plants, power generation and hydroelectric facilities that have driven economic growth and prosperity across the continent,\u201d said Cecil Dawe, Executive Vice President of Graham\u2019s Industrial Division. \u201cGraham 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\u2019s expertise delivering wind farms, LNG plants, biofuel refineries and carbon capture and storage facilities. Bringing in EOM\u2019s 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.”<\/p>\n
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About Graham<\/strong> Media inquiries:
\nGraham is an employee-owned construction solutions partner with revenues exceeding $3 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 and project finance sectors. Graham has offices throughout North America and employs over 1,800 passionate professionals focused on delivering lasting value. Graham has the resources, capacity and expertise to undertake projects of every scope, scale and complexity. Visit us at grahambuilds.com to discover how we\u2019re building for a better tomorrow.<\/p>\n
\nOrlene King, Director, Communications
\nT: 1-403-570-5021<\/a>
\nE: orlene.king@graham.ca<\/a><\/p>\n","protected":false},"featured_media":248230,"template":"","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[1],"tags":[],"class_list":["post-248229","news","type-news","status-publish","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"\n