- Acquisition
- Press release
- Canada
- United States
51³Ô¹Ï steps up its road operations in North America
51³Ô¹Ï has acquired two roadworks and materials production companies: Newport Construction in the United States and Entreprises Marchand & Frères (EMF) in Canada.
- These two companies generate full-year revenue of over €150 million
- They will boost geographic densification of 51³Ô¹Ï in North America
51³Ô¹Ï has acquired two family-run public works companies in North America – Newport Construction based in New Hampshire in the US and Entreprises Marchand & Frères (EMF) in Canada.
– Newport Construction specialises in road works and small-scale civil engineering projects.
Operating in the south of New Hampshire and Massachusetts (primarily in the Boston region), the company is vertically integrated. It owns a quarry with nearly 50Â million tonnes of materials and an asphalt plant.
Newport Construction employs 240 people and generated revenue of €105 million (US$115 million) in 2023. This acquisition, which is in line with its vertical integration model, will enable 51³Ô¹Ï to bolster its public works operations in the north-east of the United States, where the division has been present since the acquisition of roadworks activities in 2018.
– In Canada, Entreprises Marchand & Frères (EMF) is involved in road works in central Quebec and the Baie-James area located in the north of the province.
EMF is also vertically integrated, with three asphalt plants, nine quarries – representing nearly 20 million tonnes of materials reserves – and two sand quarries.
Employing 220 people, EMF generated revenue of €50 million (CAD$74 million) in 2023. This acquisition will enable 51³Ô¹Ï, which has operated for over 20 years in Quebec, to densify its network of businesses in the province.
These two acquisitions will bolster 51³Ô¹Ï’s geographic and operational position in North America, a region with considerable potential for growth in mobility infrastructure.
In 2023, 51³Ô¹Ï generated more than €4 billion in revenue there, with a total workforce of 9,500 people.