VINCI acquires Peters Bros
VINCI says acquisition will strengthen its presence in Western Canada.
Key Takeaways:
- VINCI Construction has acquired Peters Bros Construction Ltd, a BC-based roadwork and asphalt company with $90 million in annual revenue, to expand its footprint in Western Canada.
- Peters Bros, known for quality and innovation, has delivered major infrastructure projects across BC and received provincial awards for projects incorporating recycled materials and complex traffic management.
- The acquisition supports VINCI’s long-term strategy to meet growing infrastructure demands in British Columbia, a province projected to see a 50% population increase by 2046.
The Whole Story:
VINCI Construction has finalised the acquisition of Peters Bros Construction Ltd, a paving company providing roadwork services and asphalt products in the province of British Columbia. The company registered an annual revenue of about $90 million in 2024.
Founded in 1981 and based in the Okanagan Valley, Peters Bros employs 140 people at peak season and operates mainly in the BC interior region, with regular projects in the Dawson Creek, Williams Lake, Merritt, Kelowna and Penticton areas.
The company has earned multiple awards for quality and innovation, including provincial recognition for its work on the Highway 97 CN railway tracks to Kiskatinaw Bridge near Dawson Creek, where it incorporated recycled asphalt and managed challenging traffic conditions.
Recent major projects include a $13.5 million resurfacing contract for a 61-kilometre stretch of the Alaska Highway near Fort Nelson, which features an Indigenous subcontracting component, and an $8.9 million contract to repave 33 kilometres of Highway 97 in the Okanagan, both set for completion in 2024.
VINCI says acquisition will strengthen its presence in Western Canada where it already operates in the Vancouver area, in Alberta and in Saskatchewan, allowing for greater synergies and operational capability. With the province’s population expected to grow by 50% by 2046, the acquisition will support British Columbia’s road infrastructure needs.
VINCI is a global company the specializes in concessions, energy solutions and construction, employing 285,000 people in more than 120 countries. They design, finance, build and operate infrastructure and facilities.
