Pomerleau Announces Acquisition of Majority of Aecon's Atlantic Buildings Division Activities

Acquisition Marks Major Milestone in the Pursuit of the Company's Cross-Canada Expansion Strategy

HALIFAX, Aug. 18, 2015 /CNW/ - Pomerleau Inc., one of Canada's leading construction companies in the institutional, industrial, commercial, infrastructure and civil engineering sectors, announced today that it has concluded an agreement to acquire the majority of the construction activities of Aecon Group Inc.'s Atlantic Buildings Division for an undisclosed amount. As a result, Pomerleau is increasing its Atlantic Region project management staff by more than 60%.

"We are extremely pleased with the transaction and enthusiastic about having skilled and talented multidisciplinary professionals join our Atlantic team," said President and CEO Pierre Pomerleau. "This acquisition further strengthens our position as a leader in Atlantic Canada and demonstrates our strong commitment to becoming the contractor of choice across the region," he added.

"Our goal is to increase awareness of the Pomerleau brand nationally and be recognized for our leadership in health and safety, sustainable buildings innovation and virtual design and construction. There is great demand for construction in Eastern Canada—and we are doing what needs to be done to meet this need," said Mr. Pomerleau. "The deal with Aecon's Atlantic Buildings Division is one milestone in the pursuit of our strategic objectives," he concluded.

An impressive track record in Atlantic Canada

Together, Pomerleau and Aecon's Atlantic Buildings Division boast an impressive track record of successfully completed projects in the Atlantic Canada region, including water treatment plants, convention centres, military facilities and government buildings and schools.

Pomerleau, which has been operating in Eastern Canada for nearly 20 years, and Aecon's Atlantic Buildings Division, present in the Maritimes since 2003, each currently have several projects underway in the region. Pomerleau is actively committed to their completion.

About Pomerleau

Pomerleau is one of Canada's leading construction companies and a pioneer in sustainable buildings. It specializes mainly in the building, infrastructure and civil engineering sectors. Founded 50 years ago, the company employs up to 4,000 people working at its 11 regional offices and worksites across the country. With annual sales of more than $1.6 billion in 2014, Pomerleau is a full-service firm and offers general contracting, project management, construction management and design-build contractual modes among others, as well as alternative financing arrangements. In addition, it is a champion of virtual design and construction. Pomerleau's divisions include Civil, Buildings, Neilson, Santerre and Beaubois, and it co-owns Borea Construction, the leader in the Canadian wind farm industry. For more details about Pomerleau, visit www.pomerleau.ca.

SOURCE Pomerleau Inc.

Carolyne Van Der Meer, Director of Communications, Pomerleau Inc., 514 789 2728, [email protected]