|Date Announced:||August 14, 2018|
|Date Closed:||November 23, 2018|
|Client Name:||Aecon Group Inc.|
Bennett Jones advised Aecon Group Inc., a Canadian leader in construction and infrastructure development, with respect to the sale of substantially all its assets related to its contract mining business to North American Construction Group Inc. for its $199.1 million in cash. The asset sale will permit Aecon to focus capital expenditures on its core construction business and pursue other opportunities across its infrastructure and industrial business segments. In addition to advising Aecon with respect to general transactional matters, Bennett Jones also assisted with obtaining Competition Act approval for the transaction.
The transaction involved the consolidation of the two largest providers of contract mining services to the Canadian oil sands.