Bodell Construction Co. of Salt Lake City has been acquired by the Aecon Group Inc. of Toronto Canada. Aecon announced that Bodell’s management will remain in leadership of the company in partnership with Aecon’s industrial management team.
Founded in 1972, Bodell is a privately owned, non-union industrial construction company with approximately 150 employees. Bodell specializes in oil and gas, mining, water and wastewater and power generation projects across the western and southern United States.
“We are excited to accelerate our growth by leveraging new opportunities and offering expanded services to our clients as part of the world-class Aecon team,” said Sean Davis, president and CEO of Bodell. “Bringing our diverse capabilities and strong client base developed over 50 years, joining Aecon positions us to advance our role in delivering industrial construction projects while extending our footprint.”
“This transaction strengthens our core industrial capabilities, increases recurring revenue, and positions Aecon for expansion in key U.S. sectors and target markets,” said Aecon CEO Jean-Louis Servranckx. “Bodell further diversifies our self-perform offering across multidisciplinary sectors and enhances our relationships with major U.S. clients for upcoming projects.”
“We are pleased to welcome Bodell’s experienced leadership team and employees to Aecon,” said John Singleton, senior vice president of Aecon’ industrial construction group. “We look forward to harnessing opportunities to scale Bodell’s operations for growth across the Mountain States region while expanding across new geographic markets.”
Aecon Group Inc. is a construction company in Canada that produces construction materials, including asphalt and aggregate materials and pre-construction and pre-fabrication materials developed in eight company-owned fabrication facilities across Canada. Its construction teams work in sectors that include civil, urban transportation, nuclear, utility and industrial, and provide project development, financing, investment, management and operations and maintenance services through its concessions segment. The company employs about 9,500 workers.