Aecon Reconnected E-newsletter (ARE)

With the acquisition of Ainsworth’s Power Construction ("APC"), Aecon Utilities expanded its electrical services and power systems capabilities. Aecon Utilities and APC are collaboratively engaged as joint venture partners delivering programs to utility and private sector clients to expand electricity distribution infrastructure across Ontario.

“The acquisition of APC builds on our strong collaborative partnership, strengthens relationships with key clients, and further diversifies our comprehensive self-perform utility infrastructure expertise,” said Jean-Louis Servranckx, President & Chief Executive Officer, Aecon Group Inc.

Read the full news release here.

Aecon was pleased to complete the previously disclosed acquisition of United Engineers & Constructors.

“We are excited to welcome the United team to Aecon and we look forward to harnessing our enhanced nuclear and conventional power generation capabilities and client relationships to drive continued growth in the U.S. and priority markets,” said Jean-Louis Servranckx, President and Chief Executive Officer, Aecon Group Inc.??

“We are pleased to have United’s experienced operational teams and management join Aecon,” said Aaron Johnson, Senior Vice President, Nuclear, Aecon Group Inc.?“Adding United’s strong technical and engineering experience complements our business, augments our collaborative partnership in Canada and expands our comprehensive nuclear service offering across North America to support significant opportunities in this growing market.”

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With the signing of two collaboration agreements, Aecon and Westinghouse will collaborate on opportunities for fabrication of AP1000 modules globally and the development of new-build projects in Canada."

"With extensive nuclear engineering, procurement and construction expertise, strong technical knowledge, as well as specialized nuclear fabrication and manufacturing solutions tailored to meet the stringent demands of the North American nuclear power industry, Aecon is at the forefront of delivering nuclear infrastructure,” said Aaron Johnson, Senior Vice President, Aecon Nuclear. “We look forward to collaborating with Westinghouse through these framework agreements as we continue supporting our clients in their technology selection and deployment.”

“Nuclear energy is essential to powering Ontario’s future, providing unmatched reliability, affordability, and carbon-free energy to meet soaring energy demands,” said Stephen Lecce, Minister of Energy and Electrification. “Ontario welcomes strategic partnerships and enhanced collaboration in nuclear to secure our energy needs, create value-added jobs and supply chain benefits in our province as we emerge as a global clean energy leader.”

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The Vancouver International Airport (YVR) has awarded Aecon’s Tristar Electric a contract to deliver lighting and electrical upgrades for its North Runway Modernization Program. Originally opened in 1996, YVR’s North Runway handled nearly 115,000 landings and takeoffs last year and this modernization will ensure its operational resiliency and longevity.

DeltaTec, a Musqueam-owned and operated business, will be a subcontractor to Tristar Electric on this project and we look forward to bringing our specialized expertise to carry out the project safely working with our client and local Indigenous subcontractor.

Read YVR’s news release.

The Darlington Refurbishment project is now in the home stretch. Unit 1, the third of four units to be refurbished at the Darlington Nuclear Generating Station, successfully completed its overhaul five months ahead of schedule and will soon be returned to the grid. The 878-megawatt (MW) unit was taken offline for refurbishment in February 2022. Prior to this, Unit 1 ran for more than 1,000 consecutive days, setting a world record for continuous operation of a nuclear power reactor.

“Aecon is proud of its role as the Canadian constructor on this historic project that will help meet the growing energy demands of future generations,” said Thomas Clochard, Executive Vice President, Nuclear and Civil, Aecon. “We look forward to continuing to successfully implement unit-over-unit lessons learned to deliver this critical refurbishment program – leveraging the proven one team approach between Aecon, AtkinsRéalis and OPG.”

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The ceremonial groundbreaking of the 120 MW York Battery Energy Storage System (BESS) took place outside Newmarket in October. Joining Capital Power were Aecon’s Eric MacDonald, EVP Utilities, the Hon. Stephen Lecce, Hon. Caroline Mulroney, the Township of Kings’ Mayor Steve Pellegrini and Councilor Avia Eek. The system is expected to be operational in August 2025.

Aecon's Second Narrows Water Supply Tunnel project has received the 2024 Canadian Project of the Year Under $300 Million Award from the Tunnelling Association of Canada. We’re proud to be involved in delivering this major infrastructure project that will help Metro Vancouver continue to deliver high-quality drinking water. Congratulations to everyone who has contributed to this project.

The Gordie Howe International Bridge project's Health and Safety team was selected by OHS Canada Honours as Silver Winners for the Occupational Health & Safety ("OHS") Team of the Year. Safety Always is our number one priority in everything that we do and we're pleased to see the Bridging North America team receive recognition for their hard work.

Read more about the win here.

We are #AeconProud of our Pacific Electrical Installations team for recently receiving recognition from BC Hydro for their services during a 12-hour planned power outage that impacted approximately 14,000 customers between Kamloops and Valemount. The team carefully coordinated with BC Hydro and their industry partners to replace end-of-life structures safely and within the limited timeline, despite challenging weather conditions and difficult mountain terrain. Congratulations to all crew members for their commendable work during such a large, multi-community outage.

Aecon’s common shares were added to the S&P/TSX Composite Index, effective prior to market open on Monday, December 23, 2024. The S&P/TSX Composite Index is the principal benchmark for Canadian equity markets and includes the largest and most liquid publicly traded companies in Canada.

“Rejoining the S&P/TSX Composite Index is a significant accomplishment and is a testament to the hard work of our dedicated teams who have collectively helped Aecon reach this milestone,” said Jerome Julier, Executive Vice President & Chief Financial Officer, Aecon Group Inc.

“We look forward to the benefits that inclusion in the Index can provide, including increased awareness with a broader range of potential investors as we continue to execute on our strategy to drive long-term value for our shareholders,” said Adam Borgatti, Senior Vice President, Corporate Development & Investor Relations, Aecon Group Inc.

2024 was a big year for the Road to Net-Zero podcast! Tune in to this bonus episode, with Adam Borgatti and Prabh K. Banga, as they look back at Aecon’s milestones of 2024, and what’s to come in 2025

Listen to the podcast now!

We're recruiting for a diverse range of roles,?to work on?domestic and international?infrastructure projects.

Visit our careers page?for?more opportunities.