| Type | Public |
|---|---|
| Traded as | TSX: ARE |
| Industry | Construction |
| Founded | 1929 Brampton |
| Headquarters | Toronto, Canada |
| Key people | John M. Beck CEO, Pres David Smales CFO Terrance McKibbon, COO |
| Products | Asphalt |
| Revenue | C$2.746 billion21.5% (2010)[1][2] |
| Net income | C$32.129 million32.8% (2010)[1] |
| Total assets | C$2,090.838 million23.8% 2010[1] |
| Total equity | C$475.958 million2.9% (2010)[1] |
| Employees | 5000[3] |
| Divisions | Aecon Infrastructure Aecon Buildings Aecon Industrial Aecon Consessions |
| Website | Aecon Group |
Aecon Canada's biggest publicly traded construction company, operates primarily in Canada but also abroad (infrastructure development projects include the Cross Israel Highway in Israel (direct interest was later sold) and the Quito International Airport in Ecuador).[4][5] Aecon provides a range of complementary services; it produces its own construction products like asphalt, the infrastructure segment provides engineering services to both private contractors and municipalities, provides pre construction services. The Group also has partnerships with other companies and consortiums (Peter Kiewit Sons Co., McNally Construction, Frontier-Kemper Constructors, J.F. Shea Construction)[6] Its last couple acquisitions gave it a strong position as a developer, operator and constructor at Canada's oil sands projects.[4]
In 2009 it had a project backlog of about C$1.24 billion and was named one of Canada's top 10 employers.[3]
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Aecon was created after several mergers in the construction industry. In 1999 Banister Pipelines of Alberta and Armbro Construction of Ontario merged and in 2001 the combined company was renamed Aecon. Predecessor companies include heavy-civil contractor The Foundation Co., which was established in Montreal in 1910; general contractor The Jackson Lewis Company (named after its founder) which Aecon Buildings is descended was started in Toronto in 1913. Then in 1929 Brampton, Ontario one of Canada's leading roadbuilders Armbro Construction was established.
At the beginning of World War 2 another one of Aecon Infrastructure's future acquisitions C.A. Pitts General Contractors Ltd (a heavy-civil contractor) was founded in Toronto. Alberta company Bannister Pipelines also contributed to the group today. As a group, Aecon's origins go back to 1957 to Prefac Concrete of Montreal a company started by John M. Beck.[3][7] Aecon Industrial goes back to Cambridge, Ontario business Nicholls-Radtke started in the 1970s.
Between 1920 and the 1950s these companies participated in a number of significant construction, maintenance and development projects in Canada including the Saint Lawrence Seaway, Halifax Shipyards, Château Laurier and the Place Ville-Marie. In the 1960s the airports in Montreal and Toronto, and then in 1975 the CN Tower (known as the Foundation Company at the time).
The company credits newly incorporated programs like LEED (Leadership in Energy and Environmental Design) and BIM (Building Information Modeling) for recent success (revenue doubled between 2006 and 2009)[8]
Aecon Infrastructure - This core segment of the company participates in a broad range of public (has airport and marine contracts with the Canadian government) and private sector activity.
Aecon Buildings - Does business in Canada and the United States (Washington). Has done contracting work for the CN Tower, Ford Canada headquarters and the IWK Health Centre.
Aecon Industrial - Works on commercial properties in the construction and manufacturing industry (business extends from assembly plants (also includes such things as pipes) for modules and automobiles to energy, manufacturing plants). Also provides maintenance for power plants (including nuclear plants) and installs heat recovery generators. (33.1% of revenue)
Aecon Concessions - Oversees infrastructure operations and manages Build-Own-Operate-Transfer financing agreements. (4.7% of revenue)
Aecon Infrastructure ACML Materials, Aecon Construction and Materials Ltd., Aecon Construction Group Inc., Aecon Infra Quebec, Aecon Materials Engineering, Aecon Utility Engineering, AGI Traffic Technology Inc., Leo Alarie & Sons Construction, Miwel Construction Limited, QX Locates, QX Technical Services, The Karson Group
Aecon Buildings - Subsidiaries are based in the part of Canada (or USA) Aecon Buildings does business in. One each in Atlantic Canada, Ottawa, GTA, Montreal, Seattle and Vancouver. The one in Vancouver is named Scott Construction
Aecon Industrial - fabricator of pipes and participates in modular assembly. Central Canada, Aecon Lockerbie - provides pipes for Canada's oil sands projects, Aecon Fabco - Eastern Canada, IST - Once Through Steam Generators, Lockerbie & Hole Contracting Ltd. & Lockerbie & Hole Eastern Inc. - Construction services, acquired in February 2009.[4]