VINCI acquires Modern Group to expand Atlantic footprint

Key Takeaways:

• VINCI Construction has acquired the New Brunswick-based Modern Group of Companies to expand its civil engineering and roadwork presence in Atlantic Canada.
• Modern Group provides full vertical integration to the regional network, bringing 160 employees, two aggregate quarries, and dedicated asphalt production facilities.
• The acquisition complements VINCI’s 2022 purchase of Northern Construction, strengthening its market share across New Brunswick and Nova Scotia.

The Whole Story:

VINCI Construction announced the acquisition of Modern Group of Companies, extending its transportation and civil engineering footprint in Eastern Canada. Founded in 1945, Modern Group is based in the Greater Moncton area, an urban region experiencing rapid population and infrastructure growth. The financial terms of the transaction were not disclosed.

Modern Group operates as a vertically integrated roadbuilder specializing in municipal roadworks, civil engineering, and regional transportation upgrades. The acquisition includes the company’s heavy infrastructure assets, consisting of two aggregate quarries and localized asphalt mix production facilities. In 2025, the contractor generated approximately $80 million in annual revenue while employing a regional workforce of 160 personnel.

The transaction is designed to establish geographic and operational synergies with Northern Construction, an Atlantic Canada road construction and aggregate specialist that VINCI acquired in 2022. By integrating Modern Group’s operations, the parent organization expands its unified service network across both New Brunswick and Nova Scotia, securing direct access to proprietary materials supply chains in highly competitive municipal procurement markets.

The acquisition aligns with a broader corporate strategy targeting high-growth international infrastructure markets outside of Europe. Canada remains a major investment hub for the multinational firm; in 2025, the global VINCI Group generated $3.2 billion in total Canadian revenue. This regional portfolio includes $2.56 billion CAD from its core VINCI Construction divisions and $480 million from its specialized VINCI Energies operations.