Mr. Jean-Louis Servranckx reports

BODELL CONSTRUCTION JOINS AECON

Aecon Group Inc. has acquired Bodell Construction Company, an industrial construction company headquartered in Salt Lake City, Utah. Bodell's management is committed to supporting Aecon's growth in the United States and will lead the business 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.

"This transaction strengthens our core industrial capabilities, increases recurring revenue and positions Aecon for expansion in key U.S. sectors and target markets," said Jean-Louis Servranckx, chief executive officer, Aecon. "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, industrial, Aecon. "We look forward to harnessing opportunities to scale Bodell's operations for growth across the Mountain states region while expanding across new geographic markets."

"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 chief executive officer, 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."

About Aecon Group Inc.

Aecon is a North American construction and infrastructure development company with global experience. Aecon delivers integrated solutions to private and public-sector clients through its Construction segment in the civil, urban transportation, nuclear, utility and industrial sectors, and provides project development, financing, investment, management, and operations and maintenance services through its concessions segment.

About Bodell Construction Company

Bodell specializes in executing oil and gas, mining, water and wastewater, power generation, and commercial and institutional industrial construction projects in the United States. Headquartered in Salt Lake City, Utah, Bodell's dedicated team delivers integrated services to meet the unique needs of private and public-sector clients, fostering a commitment to safety, quality, innovation and value creation.

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