Foundation Company of Canada
 | |
| Industry | Construction |
|---|---|
| Founded | 22 September 1924 |
| Defunct | 1 January 2001 |
| Fate | Acquired by Aecon |
| Headquarters | |
The Foundation Company of Canada Limited was a Canadian construction company that existed from 1924 to 2001. The company's origins lay in New York City, where the Foundation Company was founded in 1902. In 1910, Foundation was invited by the Canadian Pacific Railway to build caissons as part of the construction on Windsor Station in Montreal. Foundation operated in Canada from 1910 until 1924. That year, R. E. Chadwick and a group of investors bought out the company's Canadian operations and incorporated the Foundation Company of Canada Limited.[1] In 1963, a parent company, the Canadian Foundation Company Limited, was formed to hold the FCC and its various subsidiaries.
Foundation was one of Canada's largest construction firms and was responsible for many of the country's most famous structures built in the 20th century, including the CN Tower and Place Ville Marie.
In 1987, the Foundation Company was acquired by Banister Continental Inc. of Edmonton, which became the country's largest publicly-traded construction company.[2] Banister Continental – which changed its name to Banister Inc. in 1990, Banister Foundation Inc. in 1994, and BFC Construction in 1997 – continued to operate the Foundation Company as a subsidiary through 1999. In December 1999, BFC Construction was acquired by Armbro Enterprises Inc.[3] On 1 January 2001, Armbro merged Foundation into the BFC Construction Group Inc., thus ending the use of the Foundation name. In June 2001, Armbro was renamed Aecon Group Inc.[4]
References
- ^ "Foundation Co. of Canada formation in announced," Globe and Mail, (22 November 1924), 11.
- ^ "Canadian Foundation Company of Toronto, and Banister Continental, of Edmonton, two of Canada's oldest and largest construction companies, plan to merge," Financial Times, (31 March 1987), 30.
- ^ Casey Mahood, "Armbro emerges as suitor for BFC Construction," Globe and Mail, (16 November 1999), B9.
- ^ Guy Dixon, "Armbro renamed to Aecon," Globe and Mail, (18 June 2001), B6.
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