Business Moves: Sept. 2025

Stock prices soar for Lithium Americas

Lithium Americas’ stock surged nearly 100% after the Trump administration proposed taking an equity stake in the Canadian-incorporated company as it renegotiates a $2.2 billion Department of Energy loan for its Thacker Pass lithium mine in Nevada. The mine, a joint venture with General Motors, is expected to become a major North American lithium source for EV batteries. 

Robotics company partners with Mattamy Homes

Promise Robotics has partnered with Mattamy Homes’ Alberta Division to integrate its Factory-as-a-Service platform into large-scale residential construction in Calgary, supporting single-family, semi-detached, and multi-family homes. The system uses AI and robotics to streamline home manufacturing, reducing costs and timelines while addressing labour shortages. 

Hillcore completes Meridian acquisition

Hillcore Industrial has completed the acquisition of Meridian Energy, a Western Canada-based provider of energy solutions and operational support, marking a strategic expansion in the energy sector. The partnership aligns Meridian with Hillcore’s resources and growth objectives, enabling enhanced operations, infrastructure expansion, and client-focused innovation. 

Faber purchases Edmonton-based staffing company

Faber Connect has acquired Edmonton-based Prime Staffing, a leading construction staffing firm, and immediately improved its profitability by cutting operating costs by 70 per cent. By integrating Prime Staffing into its technology-driven platform, Faber is modernizing staffing operations, eliminating physical branches and paper processes, and connecting construction companies with Alberta’s largest pool of skilled tradespeople.

Pension plan inks $10B infrastructure deal

The Canada Pension Plan Investment Board (CPPIB) is acquiring a 13% minority stake in Sempra Infrastructure Partners alongside KKR in a $10-billion deal, reflecting its commitment to natural gas as a transitional energy source. Sempra Infrastructure, which owns LNG facilities, power generation assets, and 8,200 km of pipelines in the U.S. and Mexico, is spinning off the division to simplify its business. 

QuadReal expands UK footprint

QuadReal Property Group is expanding its commercial real estate debt platform into the UK and Ireland, committing over £2.5 billion over the next three to five years, with plans for further European growth. Building on its £7.5 billion North American debt business, QuadReal will focus on direct lending across multifamily, student housing, data centres, industrial, and self-storage sectors, covering construction, transitional, and stabilised loans.

LBX partners with JT Equipment

LBX Company is expanding its presence in Western Canada through a new partnership with Calgary-based JT Equipment, which will serve as an authorized dealer for Link-Belt Excavators across southern Alberta. JT Equipment will offer rentals, sales, and support, complementing its existing inventory of heavy equipment for construction, forestry, landscaping, and municipal sectors. The partnership aims to strengthen LBX’s market presence while providing customers with access to Link-Belt’s reliable and innovative machinery.

Outcome Consultants aqcuired by engineering firm

360 Engineering and Environmental Consulting Inc. (360 EEC) has acquired Outcome Consultants, a leader in mining construction, engineering, and environmental consulting, strengthening its full-lifecycle capabilities in the mining and energy sectors. The integration expands 360 EEC’s team, expertise, and joint ventures across Canada’s North, including the Northwest Territories, Nunavut, and Yukon, enhancing its ability to execute complex projects in remote, resource-rich regions. 

Limen acquires Graham Bros. Construction

Limen Group of Companies has acquired full ownership of Graham Bros. Construction Limited, a longstanding leader in infrastructure services including roads, bridges, culverts, sewer and watermain work, asphalt, and snow removal. The acquisition integrates Graham’s specialized expertise with Limen’s construction capabilities, enabling the company to offer comprehensive, end-to-end solutions and pursue larger, more complex projects. 

Aecon expands prescence in American South

Aecon has acquired the business of Trinity Industrial Services, which provides multidisciplinary maintenance, capital project, turnaround, and fabrication services to industrial clients in Texas and Louisiana. The acquisition brings Trinity’s management and operational teams into Aecon, expanding the company’s presence in a key U.S. industrial hub, strengthening client relationships, securing a growth platform in target markets, and enhancing recurring revenue opportunities.

Egis acquires Ecometrix

Egis has acquired Ecometrix, a Southern Ontario-based environmental permitting and regulatory compliance consultancy serving mining, nuclear, government, and private sector clients. The acquisition doubles Egis’ environmental presence in Canada, expands its nuclear and mining practices, and enhances in-house water resource services for larger industrial projects. 

Home Depot finalizes $5.5B deal with GMS

Home Depot has completed its $5.5 billion acquisition of Gypsum Management and Supply (GMS), enhancing its professional contractor offerings through SRS Distribution. The acquisition expands Home Depot’s presence in the building materials sector, providing a broader range of products and services to professional customers, while driving synergies, improving service delivery, and increasing product accessibility across the United States.

NewFields opens Toronto office

Saskatoon-based NewFields Canada, which serves the mining, oil, and gas sectors, is opening a new Toronto office at 151 Yonge Street to house its Ontario engineering team and provide collaborative client spaces. Led by senior geotechnical engineer Mohammad Shahsavari, the office aims to combine flexibility and creativity in project work while offering easy access to local mining companies and public transit, according to company president Leon Botham.

Englobe acquires Ottawa consulting firm

Englobe Corporation has acquired Ottawa-based LRL Associates, a 45-person consulting engineering firm with additional offices in Pembroke, Ontario, and Moncton, New Brunswick. Founded in 1984, LRL provides multidisciplinary engineering services focused on buildings and land development. The acquisition strengthens Englobe’s presence in Ontario’s infrastructure market and the National Capital Region.

Teck Resources announces historic mining merger

Anglo American and Teck Resources have announced an all-stock merger valued around US$53B to form “Anglo Teck,” with ownership split about 62.4% to Anglo shareholders and 37.6% to Teck; the combined copper-focused group would be headquartered in Vancouver with Anglo’s primary listing remaining in London and additional listings in New York, Johannesburg and Toronto.

TorQuest invests in Waste Solutions Canada

TorQuest Partners has completed an investment in Waste Solutions Canada (WSC), a leading tech-enabled managed service provider for waste and recycling across Canada, with WSC’s co-founders retaining significant ownership and continuing to lead the company. Founded in 2006 and based in London, Ontario, WSC serves commercial and industrial clients in diverse sectors, offering non-hazardous and hazardous waste, recycling, and sustainability solutions. 

Bird Acquires marine construction company for $82.3M

Bird Construction Inc. has agreed to acquire Fraser River Pile & Dredge (FRPD), Canada’s largest marine infrastructure, land foundation, and dredging company, in an $82.3 million transaction expected to close in Q4 2025. Headquartered in New Westminster, B.C., FRPD employs over 300 people and provides marine construction, land foundations, dredging, and environmental remediation services.

Kadestone to acquire Attollo subsidiary

Vancouver-based Kadestone Capital plans to acquire a subsidiary of Attollo Management for $12 million in common shares, expanding its portfolio of community-focused residential and mixed-use development projects in the Greater Vancouver area. The deal, expected to close by Q2 2026, includes Attollo’s ongoing projects such as Plaza of Nations and Midtown Heritage, with CEO David Negrin becoming a major Kadestone shareholder owning over 20 per cent post-closing.

GIP Atlantic launches following Pennecon acquisition

Global Infrastructure Partners (GIP) has launched GIP Atlantic following its acquisition of Pennecon and affiliates in June 2025, bringing over 50 years of project expertise under the GIP brand. Headquartered in St. John’s, NL, and operating nationwide, GIP Atlantic delivers heavy civil, industrial, service and maintenance, marine, energy, and mining projects, including offshore and renewable energy support, hydro asset management, end-to-end mining site development, and marine infrastructure construction.

Lioncrest launches industrial company

Lioncrest Industries has launched as a diversified industrial company, following a year of acquisitions across manufacturing and distribution. The group now includes Ottawa-based Dynamic Precision Inc. and Kard Precision—expanding contract manufacturing for defence, medical and industrial clients—and Kingston’s Danton Machine & Welding Inc., which also sells a proprietary disc-mould product to aluminum manufacturers worldwide.

Starlight unveils new asset platform

Starlight Investments has launched Starlight Infrastructure Solutions, a new platform to acquire and manage essential-use assets that support housing, transportation, energy transition, and civic infrastructure. The business will target both community-serving real estate—such as critical housing and care facilities—and real-estate-adjacent infrastructure including fleet mobility hubs, clean-energy support, and environmental operations. 

ADF Group to Acquire Groupe LAR for $19M

ADF Group Inc. will acquire Quebec-based Groupe LAR Inc. for $19 million, comprising $15 million in cash and 449,944 subordinate voting shares. Founded in 1942, LAR designs, manufactures, and installs mechanically welded steel structures for the hydroelectricity market and supplies custom overhead crane solutions for heavy industry. 

ITC Purchases Farmer Construction

ITC Construction Group has acquired Vancouver Island–based Farmer Construction, a 70-year-old firm, in a move that expands ITC’s footprint across British Columbia and reinforces its residential high-rise and mixed-use capabilities. Farmer will continue operating under its existing leadership and teams, gaining access to additional resources and growth opportunities through the partnership.