Mr. Jean-Louis Servranckx reports

AECON COMPLETES ACQUISITION OF UNITED ENGINEERS & CONSTRUCTORS

Aecon Group Inc. has closed the previously disclosed acquisition of United Engineers & Constructors.

"We are excited to welcome the United team to Aecon, and we look forward to harnessing our enhanced nuclear and conventional power generation capabilities and client relationships to drive continued growth in the U.S. and priority markets," said Jean-Louis Servranckx, president and chief executive officer, Aecon Group.

"We are pleased to have United's experienced operational teams and management join Aecon," said Aaron Johnson, senior vice-president, nuclear, Aecon Group. "Adding United's strong technical and engineering experience complements our business, augments our collaborative partnership in Canada and expands our comprehensive nuclear service offering across North America to support significant opportunities in this growing market."

About Aecon Group Inc.

Aecon is a North American construction and infrastructure development company with global experience. Aecon delivers integrated solutions to private-sector 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 United Engineers & Constructors

United is an industry leading infrastructure engineering, procurement, construction and consulting company dedicated to improving lives by delivering the most impactful solutions. Since 1905, United has served the power industry by providing comprehensive life cycle services for the nuclear, conventional generation, renewable and distributed energy markets. Together with its clients and partners, United has been unified in its efforts to deliver innovative and transformative infrastructure that is designed and built to meet the demands of today and the future.

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