CALGARY—It’s official.
Graham is now the third largest construction company in ϳԹ and Western ϳԹ’s largest industrial services company since it has finalized its acquisition of AECOM’s Energy Operations and Maintenance business.
The acquisition expands Graham’s capacity to provide maintenance, turnaround, fabrication and sustaining capital services for major energy, industrial and petrochemical companies in Western ϳԹ, Ontario and the U.S.
According to Graham, the acquisition instantly spikes the company’s annual revenues by more than $550 million and provides access to a 3,000-worker pool of skilled labour through allied subcontractors. The company stated the additional capacity to self-execute in this sector will create efficiencies of scale and pricing advantages.
“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,” said Andy Trewick, Graham president and CEO, in a statement. “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 noted the major expansion in the resources sector will enable it to boost its Indigenous engagement project where the company delivers projects through business partnerships with First Nations communities. In these true partnerships, Graham may provide financial support, expertise and training focused on long-term employment and even greater economic development opportunities.
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