Eurovia, a subsidiary of the VINCI Group, has acquired Imperial Paving, a contractor specialized in quality paving, seal coating, and striping, based in Vancouver, British Columbia, Canada.
With this acquisition and that of BA Blacktop, made in 2009, Eurovia should now generate in British Columbia, a fast-growing Canadian province, an annual revenue of about CAD$150 million, with seven asphalt plants.
Imperial Paving Limited engages in building roads, highways, and runways. The company also offers project management and design build services; asphalt hot-mix and AC premix transportation and placement services; concrete curb and gutter, sidewalk exposed aggregate stamped and decorative concrete, and related work services; and road building and reconstruction services, including excavation and civil pipe installations.
In addition, it provides grinding and reclamation, asphalt and concrete milling, and base reclamation services; and traffic management services, including lane closures, detours, and other traffic diversions.
Further, the company manufactures and sells aggregates and asphalt premixes, including road bases, river and paving sands. It upgrades runways, taxiways, and aprons for international airports in the Vancouver Lower Mainland, including Vancouver, Boundary Bay, and Abbotsford. The company was incorporated in 1958 and is based in Burnaby, Canada.
Eurovia is one of the world leaders in construction and maintenance of transport infrastructure and urban development. Its strategy aims at expanding its footprint in geographies with strong growth potential like Canada, where the VINCI Group will generate annual revenue in excess of €600 million.
Five days ago Ardian, Credit Agricole Assurances and VINCI finalised the creation of a company that will own 100% of VINCI Park's share capital. Ardian1 will hold 37.5% of the new company, Crédit Agricole Assurances2 37.5% and VINCI Concessions 25%. Within the next few weeks, management and employees will also be offered an opportunity to acquire an interest in the new company.