Business Moves: Sept. 2026

Emera, Canadian Utilities merge to create $72B giant

Emera, ATCO and Canadian Utilities have announced an agreement to combine Emera and Canadian Utilities in a merger of equals, creating a North American utility with approximately $72 billion in combined enterprise value, $45 billion in rate base and six million customers. Emera shareholders are expected to own about 60% of the combined company and Canadian Utilities shareholders about 40%. ATCO will spin off into a new publicly traded industrial services company. The combined company plans a $32 billion capital plan through 2030 and will operate as Emera, headquartered in Halifax.

ATCO partners with First Nation

ATCO has partnered with Marten Falls First Nation to establish a joint venture focused on workforce accommodation projects within the Nation’s traditional territory. The venture will pursue opportunities spanning design, engineering, construction and operations, while seeking to support long-term economic benefits, skills training, employment and business growth for the community. The agreement was signed by Chief Bruce Achneepineskum and Adam Beattie, President of ATCO Structures, during a meeting at ATCO’s Calgary offices.

Enstructure acquires marine service provider

Enstructure has completed its acquisition of LOGISTEC’s marine services division, creating a combined network of 106 terminals across 30 U.S. states and Canadian provinces and approximately 6,000 employees. The network spans more than 3,000 waterfront acres, includes about 12.5 million square feet of industrial warehousing, and handles approximately 70 million tons of cargo annually. Enstructure will retain LOGISTEC’s Montréal head office and continue investing in its Canadian operations. Financial terms were not disclosed.

Atwill-Morin takes over Brook Restoration assets

Atwill-Morin has completed the takeover of Brook Restoration’s assets, including approximately $100 million in existing contracts. The transaction expands Atwill-Morin’s operating portfolio through the addition of Brook Restoration’s contracted work and associated assets. The company’s announcement confirms the successful completion of the takeover but does not, in the information available here, provide further details on the contracts, assets involved or the transaction’s financial terms.

Homes by Avi wins major Alberta honour

Homes by Avi has been named Alberta’s top large-volume homebuilder for the second consecutive year, receiving the Large Volume Builder Pinnacle Award at the 2026 BILD Alberta Awards. The Alberta-based company received five honours, including awards for single-family and multi-family home designs, energy efficiency and its employee volunteer program. The recognition follows national awards earlier in 2026. Homes by Avi has built more than 30,000 homes across Calgary, Edmonton and Austin, and has supported construction education and community initiatives in Alberta.

Crewscope launches AI platform

Crewscope has launched an AI-native field intelligence platform for construction, industrial, and mining teams, and completed a SOC 2 Type II audit with no exceptions. Built and proven with EllisDon site teams over three years, the platform captures field observations via text, voice note, and photo, integrating with Procore, Google Docs, Fieldwire, and Trimble. The company reports 10x ROI, 100% jobsite adoption in eight weeks at UHN Toronto Western Hospital, and two pending patents. Data is hosted in Canada.

Wales McLelland makes play for Alberta

Wales McLelland is expanding into Alberta with a dedicated local office. While the company already has established projects and clients in the province, the new office will allow it to deepen those relationships, provide a committed local point of contact, and create new opportunities for growth and collaboration across Western Canada. Leading the expansion is Derek Fox, Director of Alberta, who will be responsible for establishing and growing the company’s presence in the province while continuing to develop its Alberta team.

Reinbold partners with Englobe

Reinbold Engineering Group has joined the Englobe community, marking a new partnership that the firm says strengthens its foundation, creates new opportunities for team members, and expands its ability to make a positive impact in the communities where it operates. The company states it will continue serving clients alongside Englobe with the same integrity, responsiveness, and care that define REG, while growing its reach and the value it delivers. The announcement did not disclose financial terms or details on how the two organizations will be integrated.

Buildcheck announces $12M Series A round

Buildcheck has announced a $12M Series A round led by Telescope Partners, with participation from WND Ventures and additional support from Uncork Capital, Salt VC, and Xfund. The construction technology company reports it has reviewed more than 150,000 construction drawings and flagged over 115,000 issues, with more than 110 paying customers including DPR Construction, EllisDon, Power Construction, IMC Construction, and EMJ. Buildcheck also announced four platform extensions: Diffs, for changes between drawing revisions; Value Engineering; Code, for code and compliance issues; and Custom Checks.

Suncor sells major offshore assets

Suncor Energy Inc. has entered a definitive agreement to sell its non-core offshore oil holdings off Newfoundland and Labrador to UK-based Ithaca Energy plc for $1.2 billion in upfront cash plus up to $350 million in contingent payments. The transaction transfers Suncor’s 48% working interest in Terra Nova, 40% in the producing White Rose field, and 38.6% in the West White Rose construction expansion. Ithaca will assume approximately $1.4 billion in abandonment and lease liabilities and a $500-million well compliance program. Suncor retains Hebron and Hibernia and raised monthly buybacks to $750 million, with closing expected in early 2027.

Englobe acquires Crozier

Englobe has entered into an agreement to acquire C.F. Crozier & Associates Inc., an Ontario-based consulting engineering firm specializing in land development, transportation, and civil infrastructure. The acquisition integrates Crozier’s 200 professionals across five regional offices in Toronto, Collingwood, Burlington, Bradford, and Guelph into Englobe’s national network. Founded in 2004, Crozier has delivered engineering services for more than 10,000 residential, commercial, and industrial land development projects across Southern Ontario. Following the transaction, Crozier will maintain its current project teams while leveraging Englobe’s broader environmental and engineering platform.

SitePartners expands in Eastern Canada

SitePartners has expanded its executive leadership team, appointing Scott Boniface as Vice President of Transformation and Ryan Bannon as Vice President of Design, based in the agency’s newly established Toronto office. The hires are intended to drive growth across Eastern Canada, serving manufacturing, construction, resource, government and infrastructure clients. Boniface and Bannon previously co-founded Toronto’s Playground Inc. in 2009 and later held executive roles at CBTW. Founder and CEO Andrew Hansen said the appointments reflect a shift in the agency’s model toward full-scale business transformation, with further updates planned.

Pomerleau acquires Groupe ALLEN

Pomerleau has completed its acquisition of Groupe ALLEN, a Quebec-based general contractor specializing in municipal water treatment, process mechanics, directional drilling, civil earthworks, and formwork. Groupe ALLEN will operate as a wholly owned subsidiary while retaining its brand identity, leadership team, and operational structure. The deal positions Pomerleau to capture growing municipal and provincial demand for water infrastructure upgrades driven by aging assets, population growth, and stricter environmental compliance mandates. Founded in 1945, Groupe ALLEN brings nearly eight decades of specialized civil engineering and water treatment expertise to Pomerleau’s civil and infrastructure portfolio. Canaccord Genuity Group Inc. served as financial advisor to the sellers.

WSP agrees to acquire GCM Corpo

WSP Global has agreed to acquire GCM Corpo, a Montréal-based engineering consultancy of roughly 600 people serving energy, industrial, mining and metals clients across Québec, Western Canada and Atlantic Canada. GCM adds process engineering, industrial digitalization, OT cybersecurity, project and construction management, procurement and environmental services — areas WSP has flagged as growth priorities. Financial terms weren’t disclosed; part of the consideration will be paid in WSP shares, including to largest shareholder Fonds de solidarité FTQ. The deal is expected to close in Q4, subject to regulatory approval.

Teal Jones Group acquired by Frasierview Cedar Products

Fraserview Cedar Products has completed its acquisition of the Teal Jones Group. According to the company, the transaction substantially increases its production capacity and product availability across western red cedar, Douglas fir, and Hemlock. Fraserview states the move strengthens its ability to support customers with a broader product offering, increased volumes, and a more consistent, reliable supply program. The company adds that it is now better positioned to meet requirements across both commodity and specialty wood products.

Arcadis to sell off architecture business

Arcadis plans to sell the majority of its architecture business and cut 1,000 full-time positions as part of a restructure following WSP’s abandoned takeover bid. The Dutch consultant, the world’s third-largest employer of architects with 1,781 architects among roughly 34,000 staff, will concentrate investment on transportation, energy and water, and high-growth sectors such as data centres, life sciences and semiconductor manufacturing. It intends to divest non-core assets, including mosthttps://www.arcadis.com/en of its Architecture and Urbanism division and its China real estate operations, targeting higher margins by 2027–2029.