Aecon Group Inc.
TSX : ARE

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

Lockerbie & Hole Inc.

March 12, 2009 15:33 ET

Lockerbie Mails Meeting Materials to Its Shareholders With Closing of Aecon's Acquisition of Lockerbie Scheduled for April 1

TORONTO, ONTARIO and EDMONTON, ALBERTA--(Marketwire - March 12, 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 Lockerbie has mailed to its shareholders the meeting materials for the special meeting of Lockerbie's shareholders to be held on March 31, 2009 to approve an arrangement under the Business Corporations Act (Alberta) pursuant to which Aecon will acquire all of the outstanding shares of Lockerbie. Closing of the transaction is scheduled for April 1, 2009, with closing being subject to approval of Lockerbie's shareholders, court approval, regulatory approvals and certain other conditions.

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) 297-2615
    Website: 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
    Website: www.lockerbiehole.com