DALLAS–(BUSINESS WIRE)–AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced that an AECOM-led joint venture with Akima Support Operations has been selected by the Naval Facilities Engineering Systems Command (NAVFAC) Pacific to deliver facility support services under the Global Contingency Services Multiple Award Contract (GCSMAC). This is AECOM’s third consecutive GCSMAC award, spanning 13 years of engineering and operations support for NAVFAC facilities throughout the world under this contract.

“We’re proud to build on years of collaboration with the Navy by deploying our extensive federal disaster recovery capabilities to address critical facility needs in the Pacific and worldwide,” said Lara Poloni, AECOM’s president. “Our industry-leading experts, many of whom joined AECOM as veterans, remain dedicated to the Navy’s mission and bring specialized expertise from our previous GCSMAC projects.”

Under this multiple-award, indefinite-delivery, indefinite-quantity contract, the joint venture will provide various services in response to natural disasters, humanitarian efforts, Navy operations and projects worldwide. The scope of work also encompasses supporting the Navy’s facility maintenance and modernization operations, as well as providing incidental environmental and engineering services.

“Our team brings together highly skilled program managers and technical specialists with proven success on complex large-scale federal programs,” said Karl Jensen, executive vice president of AECOM’s National Governments business. “As we continue to advance our Think and Act Globally strategy, our dedicated professionals will leverage our global contingency expertise, which includes rapid deployment of resources as well as facility and infrastructure support.”

AECOM entities have supported the U.S. Navy for more than 90 years, and the Company has delivered approximately $1.5 billion in services worldwide in the past decade. This includes complex programs such as NAVFAC Pacific and Atlantic Comprehensive Long-Term Environmental Action Navy (CLEAN), and numerous planning, architecture, engineering, and environmental services contracts.

About AECOM

AECOM (NYSE: ACM) is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy, and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical and digital expertise, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $14.4 billion in fiscal year 2023. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.

Forward-Looking Statements

All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; potential government shutdowns or other funding circumstances that may cause governmental agencies to modify, curtail or terminate our contracts; losses under fixed-price contracts; limited control over operations that run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; potential high leverage and inability to service our debt and guarantees; ability to continue payment of dividends; exposure to political and economic risks in different countries, including tariffs, geopolitical events, and conflicts; currency exchange rate and interest fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; managing pension costs; AECOM Capital real estate development projects; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the sale of our Management Services and self-perform at-risk civil infrastructure, power construction and oil and gas businesses, including the risk that any purchase adjustments from those transactions could be unfavorable and result in any future proceeds owed to us as part of the transactions could be lower than we expect; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.

Contacts

Media Contact:

Brendan Ranson-Walsh

Senior Vice President, Global Communications

1.213.996.2367

Brendan.Ranson-Walsh@aecom.com

Investor Contact:

Will Gabrielski

Senior Vice President, Finance, Treasurer

1.213.593.8208

William.Gabrielski@aecom.com

C$880 million acquisition will enhance Saint-Gobain’s position in light and sustainable construction and further strengthen its product portfolio in Canada.

MALVERN, Pa.–(BUSINESS WIRE)–Saint-Gobain has completed the acquisition, announced on April 3, 2024, of The Bailey Group of Companies (Bailey), a leading manufacturer of metal building solutions in Canada. With approximately 690 employees working across twelve manufacturing sites throughout Canada, Bailey will reinforce Saint-Gobain’s commitment to growth in the country, adding more than C$500 million in revenues.

With today’s announcement, Saint-Gobain has successfully completed its third major acquisition in Canada in the last three years. These include the acquisition of Kaycan (2022) a leader in siding and exterior solutions and Building Products of Canada (2023) a major manufacturer of residential roofing shingles and wood fiber insulation panels. All three additions complement CertainTeed Canada’s extensive portfolio of interior building materials, and Bailey will further enrich Saint-Gobain’s full-range offer of interior and exterior solutions.

The Bailey Group of Companies, which will continue to operate under its current brand name, joins the local North American construction business, within the Americas region.

Today’s announcement follows several other recent growth investments announced by Saint-Gobain in Canada:

• In February, Saint-Gobain completed the installation of a recovery system at its gypsum facility in Vancouver, British Columbia, expected to reduce Scope 1 carbon dioxide emissions by 15%.
• In September, Saint-Gobain completed the $1.325 billion acquisition of Building Products of Canada Corp., reinforcing its leadership in light and sustainable construction in Canada.
• In 2022, Saint-Gobain announced the acquisitions of both Kaycan and GCP, strengthening its leadership positions in siding and construction chemicals respectively in both Canada and the United States.
• In June 2022, Saint-Gobain and CertainTeed Canada announced an investment to upgrade equipment at its gypsum facility outside Montreal, which will increase the plant’s production capacity by up to 40%. The plant will also transition away from fossil fuels to solely being powered by renewable electricity from Hydro-Quebec, making it the first zero-carbon wallboard plant in North America for scopes 1 and 2 emissions. Work on this project is currently underway.

With over 145 manufacturing locations in Canada and the United States, every current and future member of the company’s team plays a vital role in achieving its sustainability goals. A current list of job openings at all Saint-Gobain locations can be found on the company’s careers website.

About CertainTeed

With innovative building solutions made possible through its comprehensive offering of interior and exterior products, CertainTeed is transforming how the industry builds. As leaders in building science and sustainable construction, CertainTeed makes it easier than ever to create high-performance, energy-efficient places to live, work and play, so that together we can make the world a better home.

A subsidiary of Saint-Gobain, one of the world’s largest and oldest building products companies, CertainTeed has more than 6,900 employees and more than 60 manufacturing facilities throughout Canada and the United States. www.certainteed.ca

About Saint-Gobain

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group’s commitment is guided by its purpose, “MAKING THE WORLD A BETTER HOME”.

€47.9 billion in sales in 2023

160,000 employees, locations in 76 countries

Committed to achieving net zero carbon emissions by 2050

About The Bailey Group of Companies

Founded in 1950 by Sam Bailey, The Bailey Group of Companies is a family owned, Canadian operation. The Bailey Group of Companies, consisting of Bailey-Hunt Limited and its subsidiaries, is recognized as an industry leader, offering building solutions to both the commercial framing and drywall finishing residential markets.

With twelve locations across Canada, our manufacturing capacity and national presence ensures that our customers, across the country, have the products they require quickly. Bailey production facilities are strategically located within 90% of Canadian job sites. We constantly work to deliver high quality, innovative valuable products. Supplying industry leading service and product solutions for the construction industry is our long-standing and enduring commitment.

Contacts

Media:
Peter Clark (+1) 603 513 8513

Leader in transport automation will share preconstruction design methodologies that save time and money

WHISTLER, British Columbia–(BUSINESS WIRE)–TransLogic™, a Swisslog Healthcare company and a leading supplier in transport automation, will be showcasing its expertise in healthcare design at the 2024 Canadian Healthcare Engineering Society (CHES) BC Annual Trade Show and Education Forum in Whistler. The event is expected to gather hundreds of engineering experts in the healthcare industry to discuss best practices in designing and constructing hospitals and other care facilities.

TransLogic will participate in the event’s Exhibition Hall June 2-4, 2024, at booth #99 at Whistler Conference Centre, 4010 Whistler Way, Whistler, BC, and invites engineering professionals specializing in healthcare planning, design, and construction to explore the advantages of its Design Assist service. This preconstruction consultative offering brings transport experts into the early stages of building design, fostering collaboration that enhances overall project efficiency, ensures long-term serviceability, and proactively addresses potential future challenges.

“The engineering of healthcare facilities can be extremely complicated and nuanced, especially when considering specific needs like a building’s pneumatic tube system,” said Jesse Kora, Building Information Modeling (BIM) Manager at TransLogic.

Pneumatic tubes are used in hospitals and other healthcare facilities to transport materials quickly, such as blood samples, medications, and more. TransLogic works with decision-makers in the hospital and healthcare maintenance and construction industry to consult with the project team to ensure consideration of the tube system vision. This includes running simulations, creating 3D models, and coordinating directly with engineers to ensure the tube system design can meet space planning, performance, and serviceability needs.

“These tube systems transport important medications and samples throughout a hospital, and they are an engineering feat. We are looking forward to sharing our expertise about how best to plan for and incorporate transport automation systems in the preconstruction design process,” continued Michael Fedoruk, Regional Sales Director, Canada at TransLogic.

More information about the design and construction of pneumatic tube systems in healthcare settings can be found at https://www.translogic.com/.

About TransLogic™

TransLogic™, a Swisslog Healthcare Company, builds on its 100 years of operational technology expertise to reliably automate the delivery of critical items and leverage innovations which transcend industry standards in transport automation. TransLogic™ products are manufactured in the USA, resulting in nominal supply chain issues, fewer shipping delays, and quality controls which meet North America’s standards. Learn more about TransLogic™ solutions at translogic.com.

About Swisslog Healthcare:

Swisslog Healthcare provides integrated medication supply chain solutions to hospitals and health systems to assist providers in treating patients across the continuum of care. Integrating transport and pharmacy automation, value-added services, and intelligent software, Swisslog Healthcare enables healthcare providers to respond to patients’ needs quickly and with greater accuracy. The company minimizes many sources of operational waste, so providers achieve higher levels of productivity to impact the well-being of patients in positive ways. For more information, visit www.swisslog-healthcare.com.

Contacts

Erica Fetherston

10 to 1 Public Relations

erica@10to1pr.com
(480) 676-9141

Sofia Ashley

10 to 1 Public Relations

sofia@10to1pr.com
(480) 468-3349

The new report, “Building Inclusive & Sustainable Communities,” showcases Daniels’ commitment to enhancing accessibility in new home construction, both within the communities they build and across the real estate industry.

Highlights from the 2023 report:

• Completed 38 new accessible homes through Daniels’ Accessibility Designed Program (ADP) for a total of 198 ADP suites since launch of the program in 2017 and invested $217,000 in support of initiatives that accelerate accessibility.
• Spent $550,000 in social procurement, by engaging 43 local suppliers and artists of which 90 per cent are diverse suppliers.
• Trained and secured employment placements for 27 youth in two neighbourhoods through the CRAFT and Moving Towards Opportunity (MTO) Programs which generated $211,000 in local economic development.
• Launched MPV2, Brampton’s largest low-carbon master-planned community, under the Daniels Decarbonization Roadmap, released in the same year.
• Published four carbon labels in three new communities launched in 2023.

TORONTO–(BUSINESS WIRE)–The Daniels Corporation (“Daniels”), one of Canada’s pre-eminent builders and developers, recognized for its commitment to city-building and social impact, proudly presents its 2023 impact report. This report is a testament to the company’s unwavering dedication to fostering inclusive and sustainable communities.

The comprehensive report, entitled ‘Building Inclusive & Sustainable Communities,’ enumerates Daniels’ distinctive approach to real estate development and construction. Over its 40-year commitment to shaping a better tomorrow, Daniels has focused on social impact initiatives and strides toward decarbonization.

Daniels uses its business as a positive force, enriching communities by valuing people, partnerships and the planet.

With focus on progress made in 2023 around Daniels’ groundbreaking social impact and sustainability initiatives, this year’s report shines a spotlight on Daniels’ trailblazing journey into creating more accessible buildings and communities, propelled by the launch of its Accessibility Designed Program (ADP) in 2017.

“At the heart of this report lies a compelling narrative of using our business as a positive force, exemplified by Daniels’ pioneering efforts to enhance accessibility in new home construction. With a keen focus on innovation, equity and transparency, we demonstrate through this report that Daniels is not only reshaping its own practices but also setting a new standard for the industry,” said Heela Omarkhail, Vice President of Social Impact, The Daniels Corporation.

Building Inclusive Communities

In 2023, Daniels developed new initiatives and partnerships while building on existing ones to deliver on its social impact framework of creating affordable and accessible housing, investing in local economic development and building social infrastructure.

Daniels further strengthened its commitment to social procurement as a tool to create local economic opportunities by supporting the capacity-building of emerging businesses, social enterprises and diverse suppliers, and creating space for them to build their expertise and grow. A powerful example has been the company’s work with InfiniGuard Security and Protections Inc., a Regent Park-based social enterprise security company founded by local resident Murwan Khogali, since 2021. Starting with short term, occasional contracts for event security to ongoing contracts to commercial patrols, in 2023 InfiniGuard successfully secured the concierge services contract at Daniels’ Artworks Tower and Artsy Boutique Condominiums. In 2023 alone, $292,000 in local economic development was generated by InfiniGuard with a total of $700,000 in economic impact since 2021.

Furthermore, Daniels has made significant investments to support artists, entrepreneurs and not-for-profit organizations through its Social Impact Commercial portfolio, to create opportunities for individuals and groups to access commercial space at subsidized lease rates. For instance, Wanasah, a not-for-profit mental health agency addressing urgent mental health needs of Black youth and their families, moved into one such commercial office space in Regent Park.

Building Sustainable Communities

In February 2023, with the launch of the Daniels Decarbonization Roadmap, Daniels outlined a performance-based plan to drastically reduce the carbon footprint for the company’s next two development-cycles. The strategy is an industry-first in quantifying and reducing Whole Life Carbon emissions from real estate development. With a data-driven approach to reducing the carbon impact of its communities, the goal is to reach Near-Zero Whole Life Carbon — a transformational level of emissions reduction — for all new communities starting development in 2026.

As part of this strategy and Daniels’ commitment to educating homeowners and tenants, the company has implemented the voluntary disclosure of emissions performance through the creation of a unique carbon label for each of its new communities coming to market. The carbon labels help homeowners and tenants understand the carbon impact of the homes Daniels is building and enhances accountability to the Decarbonization Roadmap commitments. The creation of carbon labels demonstrates Daniels’ environmental stewardship and commitment to meeting emissions reduction targets.

“The launch of our Decarbonization Roadmap is the start of a process to operationalize our values. Our industry needs to transition to net zero as quickly as possible, without increasing the affordability challenges that we are all struggling with. We believe that the path to get there will be grounded in an intentional and data-driven strategy that produces steady progress in all aspects of how we build. As a leader in our industry, we are committed to this journey while sharing our progress in an open and transparent way,” said Adam Molson, Vice President, The Daniels Corporation.

Inclusion by Design

In 2017, Daniels responded to a critical need within the real estate development industry by launching its groundbreaking Accessibility Designed Program (ADP). This initiative emerged from invaluable feedback from homebuyers, revealing a significant gap in accessible housing options. The feedback underscored the scarcity of new homes tailored to meet mobility and other accessibility requirements.

Recognizing its unique position to address this pressing need, Daniels embarked on a transformative journey. Exceeding conventional standards outlined by the Ontario Building Code (OBC) for barrier-free homes, Daniels sought to redefine what it means for a home to be truly accessible. Through extensive consultations with the accessibility community and industry experts, Daniels gained profound insights into the lived experiences of individuals with disabilities, seniors aging in place, and those seeking more inclusive living spaces.

Daniels’ ADP set a new benchmark for accessibility in North America. Going beyond mere compliance, this program elevates the standard for inclusivity in home design and construction.

By prioritizing accessibility features, the ADP standard ensures that multi-residential communities developed and built by Daniels are not only accessible but truly inclusive.

The 2023 Impact Report unveils a comprehensive Spotlight Report titled “Inclusion by Design,” offering an in-depth exploration of Daniels’ ongoing accessibility journey and the remarkable progress achieved over the past six years.

“It’s never been more important for us at Daniels to stay focused and act on our commitments to building thriving communities that foster inclusion and sustainability,” said Jake Cohen, Chief Operating Officer, The Daniels Corporation. “We are in a transformational moment, what we do today and how we do it will impact the future of our communities for generations to come. As we continue to listen and learn alongside the communities we build, we will continue to push barriers and reimagine the way we build vibrant and resilient communities,” added Cohen.

To read Daniels’ 2023 Impact Report, please visit https://danielshomes.ca/social-impact/.

About The Daniels Corporation

The Daniels Corporation is one of Canada’s pre-eminent builders/developers, building nearly 40,000 new homes across the Greater Toronto Area for over 40 years. Daniels is the developer of TIFF Bell Lightbox in Toronto’s Entertainment District and the City of the Arts community on Toronto’s East Bayfront. Among its many initiatives, Daniels partnered with Toronto Community Housing to revitalize 53 of the 69-acre Regent Park community in Toronto. Regent Park is home to the World Urban Pavilion, a collaboration between the Urban Economy Forum, UN-Habitat, Canada Mortgage and Housing Corporation and Daniels. Understanding that quality of life is created by much more than physical buildings, Daniels goes above and beyond to integrate building excellence with opportunities for social, cultural, and economic well-being.

Contacts

For more information or to request an interview, please contact:
Emma McNally

Kaiser & Partners

Emma.McNally@kaiserpartners.com
647.786.5890

Partnership complements Saint-Gobain’s mission to be the leader in light and sustainable construction; Opens new markets for TimberHP products

MALVERN, Pa.–(BUSINESS WIRE)–Saint-Gobain, through its building products subsidiary CertainTeed Inc., and TimberHP, a manufacturer of insulating wood composites, today announced that they have entered into a collaborative relationship, which will enable CertainTeed to distribute TimberHP’s wood fiber insulation products in North America, including as the exclusive distribution partner in Canada. Executed in close collaboration with NOVA by Saint-Gobain, the company’s venture arm, this partnership will continue to drive Saint-Gobain’s vision to be the worldwide leader in light and sustainable construction and will improve its own sustainable offerings and readiness to respond to customer needs.

TimberHP, located in Maine, is a startup company that grew out of a partnership between two entrepreneurs—Matthew O’Malia, an award-winning architect with a reputation for developing high-performance, cost-competitive designs; and Dr. Joshua Henry, a materials chemist with years of experience elevating solutions to conserve energy and produce renewable energy. They utilize residual wood chips and hydroelectricity to manufacture nature based sustainable insulation solutions from wood fiber, which aligns with Saint-Gobain’s global sustainability goals. When fully launched, the offering will include loose fill, batt, and rigid board insulation products.

“Driven by our Purpose of Making the World a Better Home, this exclusive partnership with TimberHP enhances the sustainable solutions we are bringing to our stakeholders throughout Canada,” said Julie Bonamy, Chief Executive Officer, Saint-Gobain Canada. “This is a welcome addition to Saint-Gobain Canada’s light and sustainable construction portfolio, which will further our vision to provide a full offering of building materials and solutions to our customers.”

“It is a huge vote of confidence in our technology and our team at TimberHP to partner with a brand as innovative and impactful as CertainTeed,” said Joshua Henry, Chief Executive Officer of TimberHP. “It is essential that we mold the future of construction to be exceptionally easy, effective, energy-efficient and sustainable, and we look forward to addressing those industry needs together.”

This exciting partnership comes as Saint-Gobain continues its commitment to growth and sustainability in North America. Last month, the company announced its third major acquisition in Canada in the last two years with its intent to acquire The Bailey Group of Companies, a leading Canadian manufacturer of commercial metal framing and building solutions. In addition, work is currently underway to upgrade equipment at CertainTeed Canada’s gypsum wallboard plant outside of Montreal, which will transition the plant away from fossil fuels to being powered by hydro-electricity, creating North America’s first and the world’s largest zero carbon production drywall plant (Scopes 1 and 2 emissions).

With TimberBatt and TimberFill products already available in the United States, CertainTeed and TimberHP are working closely to bring these solutions to the Canadian market in the near future.

About TimberHP

GO Lab, Inc. (dba TimberHP) is a manufacturing company that produces thermal and acoustic wood fiber insulation products for the residential and commercial construction market. Located at its Madison, Maine facility, TimberHP is the first—and only—company to manufacture insulating wood fiber composites in North America, building on a successful 20-year history of production in Europe. TimberHP insulation is manufactured from sustainably produced wood chip residuals, and is a high-performing, cost-competitive, scalable, renewable and carbon sequestering alternative to existing market solutions. When operating at full capacity, TimberHP Madison will produce almost 20 tons of product an hour, utilize over 250,000 green tons of softwood residuals per year, generate $168 MM of revenue, and employ 144 people.

About CertainTeed

With innovative building solutions made possible through its comprehensive offering of interior and exterior products, CertainTeed is transforming how the industry builds. As leaders in building science and sustainable construction, CertainTeed makes it easier than ever to create high-performance, energy-efficient places to live, work and play, so that together we can make the world a better home.

A subsidiary of Saint-Gobain, one of the world’s largest and oldest building products companies, CertainTeed has more than 6,900 employees and more than 60 manufacturing facilities throughout Canada and the United States. www.certainteed.ca

About NOVA by Saint-Gobain

NOVA, the external venture arm of Saint-Gobain, identifies forward-thinking startups around the world whose philosophies align with Saint-Gobain’s focus on sustainability and digital. It helps those startups nurture their ideas and grow their companies to scale through partnerships and investment. With a presence in Asia, Europe and North America, NOVA by Saint-Gobain connects the global startup community with the power, resources, and experience of Saint-Gobain to address the needs of today and challenges of tomorrow. Learn more by visiting https://www.nova-saint-gobain.com and www.saint-gobain.com.

About Saint-Gobain

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group’s commitment is guided by its purpose, “MAKING THE WORLD A BETTER HOME”.

€47.9 billion in sales in 2023

160,000 employees, locations in 76 countries

Committed to achieving net zero carbon emissions by 2050

Contacts

Peter Clark (+1) 603 513 8513

DUBLIN–(BUSINESS WIRE)–The “Canada Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028” report has been added to ResearchAndMarkets.com’s offering.

The construction industry in Canada is expected to decline by 3.1% in real terms in 2024, amid high construction prices, a shortage of skilled labour, monetary tightening, and a fall in building permits. According to Statistics Canada, the total value of building permits issued in the country declined by 8.8% in 2023, with the number for residential buildings falling by 15.4% during that period.

The negative growth is also attributed to the cessation and delays of construction activity of various projects. For instance, in December 2023, the local energy company World Energy GH2, reported that its CAD16 billion ($12 billion) hydrogen plant – which was originally scheduled to be completed by 2025 – is now facing delays due to construction and financing contingencies. The project is now expected to be completed by 2026.

The analyst expects the Canadian construction industry to rebound at an annual average rate of 2.3% during 2025-28, supported by developments in the energy, transport, industrial, and residential sectors. Growth will also be supported by the government’s plan to achieve 100% zero-emission vehicle sales by 2035, including interim targets of at least 20% by 2026 and at least 60% by 2030.

In January 2024, the Japanese automobile manufacturer, Honda, reported that it is planning to build an electric vehicle (EV) plant in Ontario, costing a total of CAD18.4 billion ($13.8 billion) by 2028. In another boost to the industry’s output, in November 2023, the government launched the CAD2 billion ($1.5 billion) Critical Minerals Infrastructure Fund, aimed at supporting mineral extraction and production in the country and providing funding until 2031. Additionally, in February 2024, the Minister of Energy and Natural Resources announced plans to boost mining activities in the country by slashing the permit time from 12-15 years to 5 years.

The industry’s growth over the forecast period will also be supported by investments in public housing projects, in line with the government’s target to build 5.8 million houses by 2030. Among the recent developments, in February 2024, the government announced funding of CAD2 billion ($1.5 billion) for financing and accelerating the housing construction.

Previously in December 2023, the Royal Bank of Canada announced CAD9.3 billion ($7 billion) for financing affordable housing construction across Canada. Furthermore, in February 2024, the British Colombia government announced CAD3.9 billion ($2.9 billion) of financing support for boosting the construction of houses throughout the state.

Scope

• Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Canada, featuring details of key growth drivers.
• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
• Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
• Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

• Identify and evaluate market opportunities using the analyst’s standardized valuation and forecasting methodologies.
• Assess market growth potential at a micro-level with over 600 time-series data forecasts.
• Understand the latest industry and market trends.
• Formulate and validate strategy using the analyst’s critical and actionable insight.
• Assess business risks, including cost, regulatory and competitive pressures.
• Evaluate competitive risk and success factors.

Key Topics Covered:

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context

• 3.1 Economic Performance
• 3.2 Political Environment and Policy
• 3.3 Demographics
• 3.4 Risk Profile

4 Construction Outlook

• 4.1 All Construction
• Outlook
• Latest news and developments
• Construction Projects Momentum Index
• 4.2 Commercial Construction
• Outlook
• Project analytics
• Latest news and developments
• 4.3 Industrial Construction
• Outlook
• Project analytics
• Latest news and developments
• 4.4 Infrastructure Construction
• Outlook
• Project analytics
• Latest news and developments
• 4.5 Energy and Utilities Construction
• Outlook
• Project analytics
• Latest news and developments
• 4.6 Institutional Construction
• Outlook
• Project analytics
• Latest news and developments
• 4.7 Residential Construction
• Outlook
• Project analytics
• Latest news and developments

5 Key Industry Participants

• 5.1 Contractors
• 5.2 Consultants

6 Construction Market Data

7 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/slv1se

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

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Buy-now-pay-later facility will make it even easier for Canadians to access insurance online.

TORONTO–(BUSINESS WIRE)–APOLLO, a Canadian digital insurance provider and leading innovator in the emerging embedded finance sector, is pleased to announce the creation and launch of FinShore, a wholly owned buy-now-pay-later subsidiary. FinShore provides a fully embedded monthly payment option to over 100,000 Canadians insured with APOLLO.

The financing for the new company was provided by Fair Capital Partners Inc. (“FairCap”) as lead arranger and agent and Innovation Federal Credit Union (“IFCU”) as lender. PricewaterhouseCoopers Corporate Finance Debt & Capital Advisory (“PwC CF”) acted as exclusive financial advisor to APOLLO and FinShore.

FinShore will allow Canadians, and particularly renters, to take advantage of a buy-now-pay-later facility for their insurance premiums. It will also support APOLLO’s cohort of insurance broker partners who use the APOLLO platform to transact insurance business on behalf of their clients.

“Establishing FinShore is an innovative step forward for APOLLO, and will do much to make the lives of Canadian renters easier,” said APOLLO CEO Jeff McCann. “In this economic climate, particularly with the rise of renting across Canada, consumers are looking for flexibility in their payment options. Thanks to our partners at FairCap, IFCU, and PwC CF, we are able to offer that to them.”

APOLLO’s digital platform launched in 2019, and began serving Canadian consumers with fully digital insurance products. Since then, APOLLO has partnered with property management companies, proptechs, insurance brokers, and other organizations to embed insurance products into their existing workflows. For property managers, the insurance purchase experience is embedded directly into the leasing workflow. Some of APOLLO’s partners include QuadReal, InterRent, and Yardi Systems.

“Both FairCap and IFCU are excited about this opportunity, and look forward to building a long-term relationship with APOLLO and FinShore,” said Daniel Nanson, FairCap CEO. “This venture aligns well with our mission to empower the North American lower middle market with fair, intelligent capital solutions.”

About APOLLO Insurance

APOLLO Insurance (“Apollo Insurance Solutions Ltd. and its subsidiaries”) is Canada’s leading online insurance provider. Our proprietary platform allows insurance agents and their customers to purchase their policy immediately, from anywhere, on any device, 24/7. Unlike traditional paper-based processes, APOLLO leverages extensive data and sophisticated algorithms to quote, collect a payment, and issue policies without human intervention.

Through traditional agents and embedded finance partnerships, APOLLO is redefining the distribution of insurance. For more information, visit: https://apollocover.com/

About FairCap

FairCap is a leading alternative investment firm and bespoke solutions provider, focused on private debt solutions for the lower-to-middle market in North America.

FairCap was founded by a diverse team of investment professionals who have spun-off from a large global corporate and investment bank, and small boutique debt advisory firm. The team has a long track record of successfully creating value in the middle market by adhering to a core set of investment principles. For more information, visit: https://www.faircap.co/

About PricewaterhouseCoopers Corporate Finance Debt & Capital Advisory

PwC CF advises on all stages of the debt financing life cycle, helping borrowers evaluate debt and equity alternatives to achieve the best financing solutions. For more information, visit: https://www.pwc.com/ca/en/services/deals/corporate-finance.html/

Contacts

For media inquiries, please contact:
David Dyck, Chief Marketing Officer

APOLLO

Email: david@apollocover.com
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Branches in Attleboro, MA and Mississauga, ON now open to support building and roofing contractors

HERNDON, Va.–(BUSINESS WIRE)–$becn #Ambition2025—Beacon (Nasdaq: BECN), the only publicly-traded specialty roofing distributor, announced today that it has opened new locations in Attleboro, Massachusetts and Mississauga, Ontario, Canada to increase service to residential and commercial roofing contractors.

The new branch in Attleboro, Massachusetts adds residential and commercial roofing and complementary products and services in the Providence, Rhode Island metro and the southeastern Massachusetts markets. “We have been serving contractors in New England since our founding nearly 100 years ago. Adding this location brings better service to the local market where our commitment to customer success is well known. Contractors will appreciate connecting to our industry-leading Beacon PRO+ app for online ordering, delivery tracking and our loyalty program,” said Gerard Hill, Beacon’s Regional Vice President, New England.

The new branch in Mississauga, Ontario will serve the Greater Toronto Area (GTA). “We are excited to add more access for our customers who are very busy supporting record population growth in the GTA. Our new branch has a strong catalog of both residential and commercial roofing products as well as complementary products such as waterproofing and insulation. This team’s knowledge and service commitment will help contractors save time and grow their businesses,” commented Charles Michaud, Beacon’s Regional Vice President, Canada.

Beacon has opened seven new locations, completed four acquisitions that added 23 branches year-to-date in 2024. Footprint expansion is an important element of our Ambition 2025 plan. We continue to deliver on our commitments to drive above-market growth to better serve customers. The company exceeded its Ambition 2025 revenue and shareholder return targets two years early and is advancing on achievement of its full plan.

About Beacon

Founded in 1928, Beacon is a Fortune 500, publicly-traded specialty distributor of building products, including roofing materials and complementary products, such as siding and waterproofing. The company operates over 550 branches throughout all 50 states in the U.S. and 7 provinces in Canada. Beacon serves an extensive base of nearly 100,000 customers, utilizing its vast branch network and diverse service offerings to provide high-quality products and support throughout the entire business lifecycle. Beacon offers its own private label brand, TRI-BUILT®, and has a proprietary digital account management suite, Beacon PRO+, which allows customers to manage their businesses online. Beacon’s stock is traded on the Nasdaq Global Select Market under the ticker symbol BECN. To learn more about Beacon, please visit www.becn.com.

Contacts

INVESTOR CONTACT
Binit Sanghvi

VP, Capital Markets and Treasurer

Binit.Sanghvi@becn.com
972-369-8005

MEDIA CONTACT
Jennifer Lewis

VP, Communications and Corporate Social Responsibility

Jennifer.Lewis@becn.com
571-752-1048

Not for distribution to U.S. News Wire Services or dissemination in the United States.

TORONTO–(BUSINESS WIRE)–Choice Properties Real Estate Investment Trust (“Choice Properties” or the “Trust”) (TSX: CHP.UN) announced today that it has completed its previously announced issuance, on a private placement basis in certain Provinces of Canada (the “Offering”), of $500 million aggregate principal amount of series U senior unsecured debentures of the Trust bearing interest at a rate of 5.030% per annum and maturing on February 28, 2031 (the “Debentures”).

The Trust intends to use the net proceeds of the Offering, together with other available funds, to repay upon maturity its outstanding $550 million aggregate principal amount of 3.556% series K senior unsecured debentures due September 9, 2024.

Morningstar DBRS has provided the Debentures with a credit rating of “BBB” (high) with a “stable” trend and S&P Global Ratings has provided the Debentures with a credit rating of “BBB”. The Debentures rank equally with all other unsecured indebtedness of the Trust that has not been subordinated.

The Debentures were sold on an agency basis by a syndicate of agents co-led by RBC Capital Markets, Scotiabank, TD Securities, BMO Capital Markets, and CIBC Capital Markets. The Debentures offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Debentures in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Choice Properties Real Estate Investment Trust

Choice Properties is a leading Real Estate Investment Trust that creates enduring value through the ownership, operation and development of high-quality commercial and residential properties.

We believe that value comes from creating spaces that improve how our tenants and communities come together to live, work, and connect. We strive to understand the needs of our tenants and manage our properties to the highest standard. We aspire to develop healthy, resilient communities through our dedication to social, economic, and environmental sustainability. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence.

For more information, visit Choice Properties’ website at www.choicereit.ca and Choice Properties’ issuer profile at www.sedarplus.ca.

Forward-Looking Statements

This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects Choice Properties’ current expectations regarding future events, including the intended use of proceeds of the Offering. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Choice Properties’ control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed in Choice Properties’ 2023 Annual Report and current Annual Information Form. Choice Properties does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. All forward-looking statements contained in this press release are made as of the date hereof and are qualified by these cautionary statements.

Contacts

Mario Barrafato

Chief Financial Officer

Choice Properties REIT

(416) 628-7872

Mario.Barrafato@choicereit.ca

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO–(BUSINESS WIRE)–RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) today announced that it has agreed to issue $300 million principal amount of Series AK senior unsecured debentures (the “Debentures”).

The Debentures will be sold at a price of $99.973 per $100 principal amount, carry a coupon of 5.455% per annum and mature on March 1, 2031. The net proceeds of this offering will be used by the Trust to repay existing indebtedness at maturity.

The Debentures are being offered on an agency basis by a syndicate of agents co-led by TD Securities, CIBC Capital Markets, RBC Capital Markets, BMO Capital Markets, Scotia Capital and Desjardins Securities. Subject to customary closing conditions, the offering is expected to close on May 31, 2024.

It is a condition of closing that Morningstar DBRS assign a rating of at least BBB with a stable trend and S&P Global Ratings assign a rating of at least BBB for the Debentures.

The offering is being made on a private placement basis in each of the provinces of Canada, and the Debentures will be issued pursuant to RioCan’s trust indenture dated March 8, 2005, as supplemented. The Debentures will rank equally with all other senior unsecured indebtedness of the Trust.

The Debentures being offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About RioCan

RioCan is one of Canada’s largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at March 31, 2024, our portfolio is comprised of 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan’s interest) including office, residential rental and nine development properties. To learn more about us, please visit www.riocan.com.

Forward Looking Information

This News Release contains forward-looking information within the meaning of applicable Canadian securities laws. This information reflects RioCan’s objectives, our strategies to achieve those objectives, as well as statements with respect to management’s beliefs, estimates and intentions concerning anticipated future events or expectations that are not historical facts. Forward-looking information generally can be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “would”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “plan”, “continue”, or similar expressions suggesting future outcomes or events. Such forward-looking information reflects management’s current beliefs and is based on information currently available to management. All forward-looking information in this News Release is qualified by these cautionary statements.

Forward-looking information is not a guarantee of future events or performance and, by its nature, is based on RioCan’s current estimates and assumptions, which are subject to numerous risks and uncertainties, including those described in the “Risks and Uncertainties” section in RioCan’s MD&A for the period ended March 31, 2024 and in our most recent Annual Information Form, which could cause actual events or results to differ materially from the forward-looking information contained in this News Release.

Although the forward-looking information contained in this News Release is based upon what management believes are reasonable assumptions, there can be no assurance that actual results will be consistent with this forward-looking information.

The forward-looking statements contained in this News Release are made as of the date hereof, and should not be relied upon as representing RioCan’s views as of any date subsequent to the date of this News Release. Management undertakes no obligation, except as required by applicable law, to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

Contacts

Dennis Blasutti

Chief Financial Officer

RioCan REIT

(416) 866-3033

Real Luxury will serve the specialized needs of the growing number of luxury agents aligning with Real

TORONTO & NEW YORK–(BUSINESS WIRE)–$REAX #therealbrokerage–In response to the growing number of luxury real estate agents and teams joining the company, The Real Brokerage Inc. (NASDAQ: REAX), the fastest-growing, publicly traded real estate brokerage, today announced the launch of Real Luxury. The dedicated division will focus on the specialized and unique needs of luxury real estate agents and the exclusive clients they serve while leveraging the company’s proprietary technology and entrepreneur-centric model.

“We continue to see an influx of top-performing agents and teams throughout North America who believe that Real offers the best platform to grow their businesses,” Real President Sharran Srivatsaa said. “By establishing Real Luxury, we will be able to offer our agents who have built successful luxury practices the specialized support, training and resources they need to expand their capabilities and take their business to the next level.”

Kofi Nartey, a 20-year luxury real estate veteran, who has earned the reputation as the go-to real estate broker for celebrities, athletes and luxury home owners around the world, will serve as the Executive Director of Real Luxury. Nartey, who also serves as Real’s national growth leader, brought his Los Angeles-based luxury brokerage Globl Red Real Estate and Development that serves luxury clients in Los Angeles, Orange County and Las Vegas, as well as developers worldwide, to the company in 2023.

Real Luxury members will have access to partner networks consisting of more than 100,000 luxury agents across the globe, an expanded referral network, training sessions and specialized continuing education programs, exclusive members-only events and conferences and a wide range of discounts on additional products and services ranging from advertising in Mansion Global and The Wall Street Journal to luxury market reports and custom property websites. As part of this commitment to differentiate Real in the luxury arena, Real Luxury agents are expected to earn the Institute for Luxury Home Marketing’s prestigious Certified Luxury Home Marketing Specialist (CLHMS™) designation prior to becoming an official division member.

By establishing the highest standards for membership in the industry, Real Luxury members will stand out as some of the world’s most elite agents. Members will benefit from CLHMS™ designations, customized marketing accessible via a dedicated member portal, continuing education through dedicated masterminds and roundtable discussions covering the latest industry trends, global listing syndication in multiple languages, access to business and analytical tools giving agents a competitive edge in the marketplace and listing syndication across top luxury platforms and publications throughout North America.

In addition to Nartey, Real Luxury’s founding members include: Jill Batchelor, who brings two decades of experience and consistently ranks among the top agents in Las Vegas; Felicia Lewis, a San Diego-based luxury agent who has built a reputation for unparalleled client experience and expert negotiation skills; Peter Luu, who in addition to setting luxury sales records in the Orlando market is a frequent coach and speaker; Brad McCallum, one of Calgary’s top luxury agents who is known internationally as a brand and video marketing thought leader; Salvatore Ventre, one of the New Jersey Shore’s leading luxury real estate brokers; and Erica Wolfe, a top luxury Realtor who partners with a team of experts to deliver innovative marketing on behalf of her South Florida clients.

About Real

Real (NASDAQ: REAX) is a real estate experience company working to make life’s most complex transaction simple. The fast-growing company combines essential real estate, mortgage and closing services with powerful technology to deliver a single seamless end-to-end consumer experience, guided by trusted agents. With a presence throughout the U.S. and Canada, Real supports more than 18,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses.

Forward-Looking Information

This press release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. These statements reflect management’s current beliefs and are based on information currently available to management as of the date hereof. Forward-looking information in this press release includes, without limiting the foregoing, expectations regarding the success of Real’s programs that are available to agents and Real’s ability to continue to attract agents.

Forward-looking information is based on assumptions that may prove to be incorrect, including but not limited to Real’s business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. Real considers these assumptions to be reasonable in the circumstances. However, forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking information. Important factors that could cause such differences include, but are not limited to, slowdowns in real estate markets, economic and industry downturns, the success of Real’s programs, Real’s ability to attract new agents and retain current agents and those risk factors discussed under the heading “Risk Factors” in the Company’s Annual Information Form dated March 14, 2024, a copy of which is available under the Company’s SEDAR+ profile at www.sedarplus.ca. These factors should be carefully considered and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Real cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and Real assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Contacts

Investor inquiries, please contact:

Ravi Jani

Vice President, Investor Relations and Financial Planning & Analysis

investors@therealbrokerage.com
908.280.2515

For media inquiries, please contact:

Elisabeth Warrick

Senior Director, Marketing, Communications & Brand

elisabeth@therealbrokerage.com
201.564.4221

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its May 2024 monthly distribution of 8.333 cents ($1.00 annualized) per REIT Unit, Series A (“REIT A Units”). The May distribution will be payable on June 14, 2024 to unitholders of record as at May 31, 2024.

Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 3.5 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world. For more information, please visit our website at www.dreamofficereit.ca.

Contacts

Michael J. Cooper

Chairman and Chief Executive Officer

(416) 365-5145

mcooper@dream.ca

Jay Jiang

Chief Financial Officer

(416) 365-6638

jjiang@dream.ca