Aecon Group Inc.
TSX : ARE

Aecon Group Inc.
Lockerbie & Hole Inc.
TSX : LH

Lockerbie & Hole Inc.

March 31, 2009 16:08 ET

Aecon and Lockerbie Announce Shareholder and Court Approval for Aecon's Acquisition of Lockerbie

TORONTO, ONTARIO and EDMONTON, ALBERTA--(Marketwire - March 31, 2009) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Aecon Group Inc. ("Aecon") (TSX:ARE) and Lockerbie & Hole Inc. ("Lockerbie") (TSX:LH) today announced that both Lockerbie's shareholders and the Court of Queen's Bench of Alberta have approved the arrangement under the Business Corporations Act (Alberta) pursuant to which Aecon will acquire all of the outstanding shares of Lockerbie. Closing of the arrangement is scheduled for April1, 2009.

About Aecon

Aecon is Canada's largest publicly traded construction and infrastructure development company. Aecon and its subsidiaries provide services to private and public sector clients throughout Canada and internationally. Aecon is pleased to be recognized as one of the 50 Best Employers in Canada as published by Report on Business Magazine and as one of Canada's Top 100 Employers as published in Maclean's Magazine.

About Lockerbie

Lockerbie was founded in 1898 and is one of the largest mechanical construction contractors in Canada. Lockerbie is a multi-disciplined contractor providing mechanical, electrical, instrumentation, pipe fabrication, module assembly, boiler erection, insulation and civil construction services primarily to the oilsands, mining, institutional, municipal and commercial market sectors. Lockerbie is headquartered in Edmonton, Alberta.

Contact Information

  • Aecon Group Inc.
    Mitch Patten
    Senior Vice President, Corporate Affairs
    416-436-2803
    www.aecon.com
    or
    Lockerbie & Hole Inc.
    Gordon L. Panas
    President and CEO
    780-452-1250
    or
    Lockerbie & Hole Inc.
    Michael G. Slapman
    CFO
    780-452-1250
    www.lockerbiehole.com