Aecon Group Inc T.ARE

Alternate Symbol(s): AEGXF

Industrials Conglomerates

Aecon Group Inc. is a Canada-based construction and infrastructure development company. The Company delivers integrated solutions to private and public sector clients throughout Canada and other countries. It operates through two segments within the infrastructure development industry: Construction and Concessions. Its Construction segment includes all aspects of the construction of both public and private infrastructure, primarily in Canada, and internationally and focuses primarily on the civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure and industrial infrastructure. Its Concessions segment include the development, financing, build and operation of construction projects primarily by way of public-private partnership contract structures, as well as integrating the services of all project participants. The Company’s projects include Annacis Water Supply Tunnel, Bell Canada Gigabit Fiber Service, Finch West LRT, and others.

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Aecon Group Inc

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Post by bigguy6on Jan 20, 2011 11:51am

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Post# 18001935

ARE Prez Steps Down

Couldn't open link myself....so here's the full G+M article.

In light of currrent ARE market 'penalty box' situation ...my guess is this move could very well be interpreted as a big positive by the mkts...and possible catylst for SP.

"Aecon president stepping down

TORONTO— The Canadian Press

Published Thursday, Jan. 20, 2011 7:53AM EST

Last updated Thursday, Jan. 20, 2011 7:55AM EST

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Construction firm Aecon Group Inc. (ARE-T10.16-0.10-0.97%) says president Scott Balfour will exit the company at the end of the month to pursue other opportunities.

The Toronto-based firm announced that chairman and CEO John Beck will assume the role.

“Scott is a friend, and has been a big part of Aecon's success over the past 17 years,” Mr. Beck said in a release.

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Aecon Group(ARE-T)

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“I wish him the very best in everything he undertakes.”

In the third quarter, Aecon posted a big decline in its profit to $17.2-million from with $29.7-million a year earlier. Revenue was up to $800-million for the three months, compared with $707-million.

The company has also signed numerous contracts in recent months including a $279-million agreement with the Toronto Transit Commission to extend one of the city's main subway lines northward, and a $25-million contract from Bird Construction Co. to upgrade and expand its water treatment plant in Fort McMurray, Alta."