Edmonton builder secures $200M to support long-term growth

Key Takeaways:

• Morgan Construction secured $200 million in financing from Gordon Brothers to support working capital, purchase new equipment, and drive long-term growth.
• The five-year partnership includes both capital and advisory services through Nations Capital to help Morgan optimize its fleet and expand operations across Canada and the U.S.
• Gordon Brothers continues to expand its presence in Canada, offering asset-based financing and consulting services to support companies in heavy industry and construction.

The Whole Story:

Morgan Construction, one of Canada’s largest heavy civil contractors, has secured $200 million in financing to support its working capital, expand its fleet, and drive long-term growth.

The deal, facilitated by global asset advisory firm Gordon Brothers, includes a five-year, $150 million revolving credit facility and a $50 million accordion feature. In addition to the funding, Morgan will receive ongoing asset advisory and consulting services through Nations Capital, a Gordon Brothers company.

“As we’ve established a strong presence in Canada and continued expansion of solutions supporting Canadian borrowers, we’re proud to partner with a respected family-run business and industry leader like Morgan Construction and provide financing and asset-advisory services that drive long-term value,” said Kyle Shonak, Chief Transaction Officer at Gordon Brothers. “By combining our traditional lending capabilities, advisory and consulting services, and our deep asset expertise, we’re able to provide a full, comprehensive solution that enables growth within the Canadian market.”

The partnership aims to help Morgan acquire new, high-calibre equipment and optimize its existing fleet to meet the demands of its expanding operations in energy, mining, and site development across Canada and the U.S.

“Gordon Brothers’ vast industry experience and equipment expertise has been critical as we continue to service our customers throughout Canada,” said Peter Kiss, President and Chief Executive Officer of Morgan Construction. “As we continue to expand existing operations and enhance growth prospects, the firm’s well-structured facility and holistic partnership will enable us to scale operations.”

Morgan Construction is one of Canada’s leading heavy civil contractors, providing earthworks, environmental and demolition services, and site development solutions across key energy and mining sectors. Headquartered in Edmonton, Alberta, with operations spanning the country and into the United States, the company employs over 1,100 people and partners with more than sixteen Indigenous communities.

Gordon Brothers, founded in 1903 and based in Boston, provides capital and advisory services to clients undergoing transformation, with a global footprint across more than 30 offices.