- Business
- Aecon Group Inc. provides construction and infrastructure development services to private and public sector clients across North America and select international markets. Founded in 1877 and headquartered in Toronto, Ontario, the company operates primarily through its Construction segment, which encompasses civil infrastructure such as bridges, highways, dams and ports; urban transportation solutions including light rail transit, subways and commuter rail; nuclear infrastructure encompassing refurbishment, new builds, engineering and small modular reactors; utility infrastructure covering electrical transmission, gas distribution, water treatment and battery energy storage; and industrial infrastructure supporting mining, oil and gas, power generation and fabrication; as well as its Concessions segment, which focuses on the development, financing, design, building, operation and maintenance of public-private partnership projects. Aecon targets government agencies, utilities, energy firms and industrial clients, with principal operations in Canada and the United States, supplemented by selective international pursuits in the Caribbean and beyond.
In recent developments, Aecon has pursued aggressive U.S. expansion through strategic acquisitions, including Bodell Construction Company in Salt Lake City, Utah in August 2025 for industrial capital projects in oil and gas, mining, water and power sectors; Trinity Industrial Services in Beaumont, Texas in September 2025, adding multidisciplinary maintenance, turnarounds and fabrication services under multi-year agreements primarily in Texas and Louisiana; United Engineers & Constructors Inc. in Mount Laurel, New Jersey in December 2024 for US$33 million to bolster nuclear and conventional power capabilities; and an agreement in November 2025 for Aecon Utilities to acquire KPC, a high-voltage testing, commissioning and metering contractor. The company reached financial close on a C$609 million design-build contract with Pomerleau for the Port of Montreal Expansion in-water works in Contrecoeur, Quebec in October 2025, supporting enhanced terminal capacity and trade; secured an alliance construction contract for Ontario Power Generation's Darlington New Nuclear Project small modular reactor; and achieved commercial close on the Scarborough Subway Extension and Yonge North Subway Extension Advance Tunnel projects. These moves have driven record backlog to $10.8 billion as of September 30, 2025, up significantly from prior periods, alongside revenue growth of 20% in Q3 2025 to $1.53 billion, fueled by nuclear, industrial and utilities volumes.