Aecon acquires Utah-based industrial contracting company
The company plans to scale operations in the Mountain States region and beyond.
Key Takeaways:
- Aecon expands U.S. presence with the acquisition of Bodell Construction, a non-union industrial contractor operating across the western and southern United States.
- Bodell’s leadership and 150-person team will remain in place and collaborate with Aecon’s industrial division to support growth in key U.S. sectors like oil and gas, mining, and power generation.
- The deal strengthens Aecon’s industrial capabilities and recurring revenue base while positioning the company to scale operations in the Mountain States and enter new geographic markets.
The Whole Story:
Aecon Group Inc. has acquired Utah-based Bodell Construction Company, a privately owned industrial contractor with operations across the western and southern United States, the company announced Thursday.
Founded in 1972 and headquartered in Salt Lake City, Bodell employs roughly 150 people and specializes in projects in the oil and gas, mining, water and wastewater, and power generation sectors. The company operates as a non-union contractor.
Aecon said Bodell’s existing management team will remain in place and work closely with Aecon’s industrial division to lead the business and support the Canadian firm’s U.S. expansion strategy.
“This transaction strengthens our core industrial capabilities, increases recurring revenue, and positions Aecon for expansion in key U.S. sectors and target markets,” Aecon CEO Jean-Louis Servranckx said in a statement.
John Singleton, senior vice-president of industrial at Aecon, said the acquisition would allow the company to scale operations in the Mountain States region and beyond.
Bodell president and CEO Sean Davis said the deal would allow the company to grow more quickly while offering “expanded services” to its existing clients as part of the Aecon group.
Financial terms of the transaction were not disclosed.
