Cematrix

Name

Cematrix

Legal name

CEMATRIX Corporation

Website

https://cematrix.com

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Cellular Concrete Supply and Installation Contracts: Primary revenue stream: project-based contracts in which CEMATRIX supplies and installs cellular concrete products on customer job sites (infrastructure, commercial construction, industrial). Revenue is recognized on a per-project basis as work is completed, with contracts awarded on a competitive-bid basis. Q1 2026 revenue was $7.3M, full-year 2025 revenue grew 27%, and new contract awards are announced regularly (e.g., $5.1M in June 2026, $50.5M for full-year 2025).
2. Cellular Concrete Materials Sales: CEMATRIX supplies the cellular concrete product (and in some cases supports customer or partner installation) under joint marketing agreements such as the one with Lafarge Canada Inc., which ensures high quality materials, strong logistical support, and competitive pricing.

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

CEMATRIX manufactures and supplies its proprietary CEMATRIX Cellular Concrete (CCC) — a Portland Cement, water, pre-formed foaming agent, and compressed air mix — produced on site using mobile production units and installed for infrastructure, commercial, and industrial projects. The company delivers three primary application lines (Lightweight Backfill, Insulation, and Grout & Flowable Fills) across Canada and the United States through its regional offices and wholly owned subsidiaries (MixOnSite USA, Pacific International Grout Company).

Product overview

CEMATRIX offers a single core proprietary construction material — CEMATRIX Cellular Concrete (CCC) — supplied and installed across North America through a unified service platform rather than a modular SaaS-style architecture. The CCC platform is deployed through three primary application/product lines: Lightweight Backfill (retaining walls, bridge approaches, roadways/runways, slope stabilization), Insulation (oil and gas facility slabs, frost-protected shallow foundations, roadways, shallow utilities, thermal remediation), and Grout & Flowable Fills (tunnel grouting, sliplining/annular grout, pipe abandonment, flowable fill). These three application lines are delivered by CEMATRIX's three wholly owned operating subsidiaries — CEMATRIX (Canada) Inc., MixOnSite USA, Inc., and Pacific International Grout Company (PIGCO) — which together form the geographic delivery arm for the shared CCC material technology.

Differentiator

Problem solved

Functional benefit

Products and services

• CEMATRIX Cellular Concrete (CCC) Proprietary cast-in-place construction material composed of Portland Cement, water, specialized pre-formed foaming agent, and compressed air; highly flowable, pumpable up to 1,000 meters, with cast densities as low as 400 kg/m³ (about 20% the weight of soil), insulating, self-leveling, energy-absorbing, and freeze-thaw resistant. Used by DOT agencies, municipalities, general contractors, engineering firms, and oil & gas operators across North America.
• Lightweight Backfill Cellular concrete supplied and installed as lightweight backfill for MSE (Mechanically Stabilized Earth) walls, bridge approach fills, roadways and runways over soft soils, and slope stabilization. Reduces settlement of peat and soft soils and eliminates the requirement for preloading or surcharging.
• Insulation Cellular concrete used as geotechnical insulation for oil and gas facility slabs, frost-protected shallow foundations, heated slabs, roadways over frost-susceptible and permafrost soils, shallow utilities, and insulating caps during thermal remediation of contaminated sites.
• Grout & Flowable Fills Highly fluid cellular concrete used as a low-density grouting and fill material for tunnel grouting, sliplining and annular pipe grout, pipe abandonment, and flowable fill applications; provides low pumping pressures, long pumping distances, minimal shrinkage, and reduced hydrostatic and buoyant forces.

Quantifiable outcome

• 27% revenue growth in full-year 2025
• +7 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered minor and flagship.

• Beacon SecuritiesminorOthers · 29 July 2024Equity research analyst Russell Stanley provides analyst coverage of CEMATRIX through Beacon Securities, with research reports hosted on The Howard Group Blog. Beacon Securities was the agent on the $3.5 million Bought Deal Private Placement announced July 17, 2024, with closing of $6.6 million announced July 29, 2024.
• Centurion One CapitalminorGTM or Marketing Partner · 26 February 2024CEMATRIX presented at Centurion One Capital's 7th Annual Growth Conference on February 26, 2024.
• Lafarge Canada Inc.flagshipStrategic or Co-development Partner · 27 June 2016Joint Marketing Agreement signed June 27, 2016, ensuring high quality materials, strong logistical support, and competitive pricing for CEMATRIX products. Renewed August 25, 2021 (Joint Marketing and Cement Supply Agreements). In 2016, the parties also entered into a Regional Expansion Agreement to develop regional cellular concrete markets; the first Regional Expansion commenced May 1, 2017, enabling both companies to expand into locations where CEMATRIX lacks a presence but Lafarge operates.
• Bristol CapitalminorGTM or Marketing PartnerBristol Capital serves as CEMATRIX's institutional investor relations contact. Attention: Glenn Akselrod, President ([email protected], Phone: 905-326-1888 ext 1). Bristol Capital was originally retained by CEMATRIX for investor relations services in September 2019.
• The Howard Group Inc.minorGTM or Marketing PartnerThe Howard Group Inc. acts as CEMATRIX's investor relations and financial services advisor, hosting analyst research on its blog. Originally engaged in March 2016 and re-appointed thereafter.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Cell-Crete Corporation: North American cellular concrete manufacturer and installer with overlapping applications in lightweight backfill, void fill, and geotechnical fills. Most direct comparable to CEMATRIX's CCC product line and project-based installation model.
• Aerix Industries: U.S. manufacturer of pre-formed foam agents and cellular concrete systems used in lightweight fill, geotechnical, and insulation applications. Direct peer in cellular concrete material technology and competes with CEMATRIX for similar specification-driven customers.
• Granite Construction Incorporated: U.S. infrastructure contractor with heavy involvement in transportation, water resources, and specialty construction. Comparable on the project-based, infrastructure-heavy construction services model even though it is not a cellular concrete specialist.
• Pacific International Grout Company (PIGCO): Wholly owned CEMATRIX subsidiary acquired in 2019; included here as a comparable U.S. Pacific Northwest grouting and cellular concrete business. Comparable in service offering, geography, and customer type within the U.S. segment.

Broad incumbents

• Lafarge Canada Inc. Canadian cement and concrete major that is both CEMATRIX's Joint Marketing and Regional Expansion partner and a potential competitive channel. Comparable as a broad cement/concrete incumbent active in the same construction markets.
• Holcim Canada: Holcim's Canadian arm, one of the largest cement and ready-mix concrete producers in the country. Comparable as a broad incumbent cement/concrete supplier with overlapping DOT and infrastructure customers across Canada.
• Lehigh Hanson: North American heavy-side building materials producer (cement, aggregates, ready-mix) owned by Heidelberg Materials. Comparable as a broad incumbent in cement and concrete that competes for the same infrastructure specification opportunities.

Regional players

• Aecon Group Inc. Canadian construction and infrastructure contractor listed on TSX with meaningful exposure to transportation, utilities, and civil projects. Comparable as a Canadian-listed infrastructure construction peer serving overlapping DOT and municipal end markets.
• Bird Construction Inc. Canadian general contractor serving industrial, commercial, and institutional customers across Canada. Comparable as a Canadian specialty contractor that competes for adjacent infrastructure and industrial construction work.

Emerging players

• Glavel Inc. Foamed-glass aggregate manufacturer in which CEMATRIX made a USD $4M strategic investment in 2022. Comparable as an emerging lightweight construction materials player targeting adjacent sustainability-focused applications.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/CematrixC

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 records

Funding overview

Funding rounds4 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cematrix