VolkerWessels acquired Canadian company McNally Contractors Ltd. on 1 June 2011. The Lethbridge-based civil engineering company specialises in road building, asphalt manufacturing and deep utility installations. McNally will operate as a division of VolkerWessels group company Volker Stevin Contracting Ltd.
Alfred Vos, member of the VolkerWessels Management Board: "This acquisition fits in well with VolkerWessels' growth strategy in Canada. McNally holds raw materials positions and has capacity in the field in which we signed a 10-year road maintenance contract in 2010. With 34 years of experience and a staff of 100, the company has extensive knowledge of the local market. What's more, McNally's culture and working methods dovetail perfectly with those of VolkerWessels."
McNally Contractors Ltd. will continue to operate independently under its present management, and is the third VolkerWessels operating company in Alberta alongside Volker Stevin Contracting and H. Wilson Industries. VolkerWessels has been operating in Calgary, Alberta for more than 30 years, which is also where its North American headquarters are located.
Financial details about the transaction will not be publicised.