Geo-Foundations principally serves eastern Canada, where it offers design-build solutions to the construction and mining industries. It has built a strong engineering reputation and has grown its revenue to around CAD 20M in 2012, Keller stated. The business specialises in micro-piling, ground anchors, and specialty grouting services, which are still relatively new to the Canadian market. Keller added that a combination of increasing market acceptance of these techniques in Canada, along with the introduction of ground improvement techniques and assistance from the company’s existing US business, is expected to fuel significant growth over time.
"Keller has worked in partnership with Geo-Foundations on a number of projects in recent years, building a relationship of mutual respect. I am confident that, together, we are well-positioned to fully exploit the opportunities in this attractive market," said Justin Atkinson, chief executive of Keller. "This acquisition builds on our strong track record of expanding into higher growth geographic regions through both organic growth and targeted acquisitions."
