VINCI steps up its road operations in North America
June 05 2024 - 10:45AM
VINCI steps up its road operations in North America
Nanterre, 5 June 2024
VINCI steps up its road operations in
North America
- VINCI Construction has acquired two
roadworks and materials production companies: Newport Construction
in the United States and Entreprises Marchand & Frères (EMF) in
Canada
- These two companies generate
full-year revenue of over €150 million
- They will boost geographic
densification of VINCI Construction in North America
VINCI Construction has acquired two family-run
public works companies in North America – Newport Construction
based in New Hampshire in the US and Entreprises Marchand &
Frères (EMF) in Canada.
- Newport Construction specialises in
road works and small-scale civil engineering projects.
Operating in the south of New Hampshire and
Massachusetts (primarily in the Boston region), the company is
vertically integrated. It owns a quarry with nearly 50 million
tonnes of materials and an asphalt plant.Newport Construction
employs 240 people and generated revenue of €105 million
(US$115 million) in 2023. This acquisition, which is in line
with its vertical integration model, will enable VINCI Construction
to bolster its public works operations in the north-east of the
United States, where the division has been present since the
acquisition of Lane Construction's roadworks activities in
2018.
- In Canada, Entreprises Marchand
& Frères (EMF) is involved in road works in central Quebec and
the Baie-James area located in the north of the province.
EMF is also vertically integrated, with three
asphalt plants, nine quarries – representing nearly 20 million
tonnes of materials reserves - and two sand quarries.Employing 220
people, EMF generated revenue of €50 million
(CAD$74 million) in 2023. This acquisition will enable VINCI
Construction, which has operated for over 20 years in Quebec, to
densify its network of businesses in the province.
These two acquisitions will bolster VINCI
Construction’s geographic and operational position in North
America, a region with considerable potential for growth in
mobility infrastructure.
In 2023, VINCI Construction generated more than
€4 billion in revenue there, with a total workforce of
9,500 people.
About VINCIVINCI is a global player in
concessions, construction and energy, employing over
280,000 people in over 120 countries. We design, finance,
build and operate infrastructure and facilities that help improve
daily life and mobility for all. Because we believe in all-round
performance, we are committed to operating in an environmentally
and socially responsible manner. And because our projects are in
the public interest, we consider that reaching out to all our
stakeholders and engaging in dialogue with them is essential in the
conduct of our business activities. VINCI’s goal is to create
long-term value for its customers, shareholders, employees, and
partners, and for society at large. www.vinci.com
This press release is an official information document of the
VINCI Group.
PRESS CONTACTVINCI Press DepartmentTel: +33 (0)1
57 98 62 88media.relations@vinci.com
- CP VINCI_Newport _Entreprises Marchand _20240605_VA
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