VINCI Construction has acquired Peters Bros Construction Ltd, enhancing its presence in Western Canada and positioning itself to address the region's growing infrastructure needs.

Information on the Target

VINCI Construction has successfully acquired Peters Bros Construction Ltd, a roadworks and asphalt production firm based in the Okanagan Valley of British Columbia, Canada. Founded in 1981, Peters Bros employs around 140 staff during the peak season and is primarily engaged in projects throughout the interior region of the province, notably around Dawson Creek, Williams Lake, Merritt, Kelowna, and Penticton. In 2024, the company is projected to achieve revenues of approximately 57 million euros (90 million Canadian dollars).

Industry Overview in British Columbia

The road construction and infrastructure sector in British Columbia is experiencing significant growth, driven by increased population and urbanization. As the province anticipates a population increase of 50% by 2046, there is a heightened demand for enhanced transportation networks and road maintenance services. This trend emphasizes the need for established players in the industry to scale operations and enhance service offerings to meet future infrastructure demands.

Moreover, the construction industry overall is positioned for robust growth, supported by government investments in infrastructure projects aimed at improving transportation effic