Construction trades: 9 publicly listed builders

For this week’s list we are pairing bulldozers with bull markets.

Contractors, engineers, heavy equipment and more – we dove into the Toronto Stock Exchange to explore some of the largest publicly traded companies related to construction.

*Editor’s note: Market cap is accurate as of 10:00 a.m. PST, Aug. 3, 2023.

Enterprise Group (E)


Enterprise is a specialized equipment rental and services organization, providing critical site infrastructure and services in Western Canada and beyond. The company’s first quarter report for 2023 touted higher capital spending in the energy industry combined with increased customer activity levels for improved results. Revenue for the three months was $10,008,332 compared to $7,629,418 in the prior period.

Market cap: $22.52 million

DIRTT Environmental Solutions Ltd. (DRT)

DIRTT / LinkedIn

Calgary-based DIRTT specializes in industrialized construction which utilizes a system of physical products and digital tools to build high-performing, adaptable, interior environments. It’s latest financial results show revenue of $44.8 million, up 22% from the first quarter and flat compared to prior year period. Earlier this year, DIRTT entered into assignment and co-ownership agreements with Armstrong World Industries Inc. resulting in cash inflow of $10 million

Market cap: $59.33 million

Bird Construction (BDT)

Bird’s crew works on the Neepawa Hospital project. – Bird Construction / LinkedIn

In its latest report to investors, Bird stated that it achieved a significant increase in construction revenue for the first quarter of 2023, with healthy seasonal margins reflecting strong execution across work programs. At the same time, Bird grew its backlog and pending backlog to record combined levels, including recurring revenue awards now exceeding $1.1 billion. During the quarter, Bird also acquired Trinity Communications Ltd. It’s next report is scheduled for Aug. 9

Market cap: $485.18 million

Aecon Group (ARE)

Aecon and officials celebrate the opening of the Réseau express métropolitain. – Aecon / LinkedIn

Aecon Group Inc. is a national Canadian construction and infrastructure development company. One of the company’s biggest moves this year came when it announced a definitive purchase agreement with Green Infrastructure Partners Inc. to sell its Aecon Transportation East roadbuilding, aggregates and materials businesses in Ontario for $235 million in cash.  In its last quarterly results announcement, officials reported an 8% year-to-date increase in revenue and backlog of $6.9 billion at June 30, 2023.

Market cap: $682.76 million

North American Construction Group Ltd. (NOA)

North American Construction Group / LinkedIn

The company was founded in B.C. in the 1950s with just one secondhand bulldozer. It has grown into Canada’s largest independent heavy equipment and mining contractor. North American recently announced plans to acquire MacKellar Group for an estimated $395 million. The Australian company boasts a heavy construction equipment fleet and serves the mining and civil sectors. officials said the deal came together after two years of discussions.

Market cap: $900.7 million

Badger Infrastructure Solutions (BDGI)

Badger Infrastructure Solutions

Badger Infrastructure Solutions Ltd. is North America’s largest provider of non-destructive excavating services. Badger’s customers typically operate near high concentrations of underground power, communication, water, gas and sewer lines, where safety and economic risks are high and where non-destructive excavation provides a safe alternative. Badger recently announced a quarterly cash dividend of $0.1725 per share.

Market cap: $1.11 billion

SNC-Lavalin Group Inc. (SNC)

An aerial view shows one of SNC-Lavalin’s job sites, the Darlington Nuclear Generating Station. – SNC-Lavalin / LinkedIn

Founded in 1911, SNC is a fully integrated professional services and project management company with offices in more than 40 countries and 30,000 employees. It’s recent news is a binding agreement to sell its Scandinavian Engineering Services business – comprising Denmark, Sweden and Norway – to SYSTRA Group, a France-based engineering and consulting group specialized in public transport and mobility solutions. In June it launched Decarbonomic, its decarbonization service for the industrial sector.

Market cap: $7.27 billion

Stantec (STN)


Stantec Inc. is an international professional services company in the design and consulting industry. The company was founded in 1954, as D. R. Stanley Associates in Edmonton. Just last month, it announced the closing of its private placement offering of $250 million aggregate principal amount of senior unsecured notes. The Notes bear an interest rate of 5.393% per annum and were priced at par. Stantec was also recently selected to serve as owner’s engineer for the SunZia Transmission project, the largest clean energy infrastructure project in U.S. history.

Market cap: $9.86 billion

WSP Global (WSP)

A rendering shows one of WSP’s recent projects, phase 2 of the Sainte-Catherine Street West reconstruction project in Montreal. – WSP / LinkedIn

WSP is one of the world’s largest professional services firms in the world with 67,000 employees. It provides strategic advisory, engineering and design services to clients seeking sustainable solutions in the transportation, infrastructure, environment, building, energy, water, and mining sectors. In 2022, WSP reported $11.9 billion in revenue. Last month, WSP completed its acquisition of Australian mining expert Calibre Professional Services One Pty Ltd.

Market cap: $22.23 billion


Get smarter on the 🇨🇦 construction industry in just 5 minutes

Sign up for the free weekly newsletter for news, trends and insights in the Canadian construction industry.

Construction job board

Discover senior-level construction jobs at leading companies in Canada.

Find a jobPost a job



Get the 5-minute, weekly newsletter about the Canadian construction industry.

© SiteNews 2024. All rights reserved. SiteNews is an independently-operated news website. Views expressed are that of the editor's and are based on publicly available information unless otherwise noted through sponsored content.