Steed & Evans Limited

What Steed & Evans Limited does

Its primary customers are provincial and municipal governments in Ontario, anchored by the Ministry of Transportation of Ontario, the Region of Waterloo, the County of Brant, and adjacent municipalities; the company has held long-dated Area Maintenance Contracts covering more than 1,200 km of provincial highways since 1999, supplemented by traffic control services and a smaller commercial book including the Miller Waste Systems relationship. Revenue is generated through competitive public tendering for road construction and maintenance work and through direct commercial sales of asphalt, concrete, and aggregate, with governance exercised through a multi-generational employee-ownership structure that transitioned to its fourth generation in May 2022.

Name

Steed & Evans Limited

Legal name

Steed and Evans Limited

Website

https://steedandevans.ca

Company type

Private

Founded year

1953

Operating status

Operating

Headcount range

101–250 employees

Short description

Steed & Evans Limited is an employee-owned, vertically integrated civil infrastructure and construction materials company serving Ontario provincial and municipal governments since 1953 via asphalt plants, aggregate pits, ready-mix concrete, and trenchless services.

Ownership category

akta.pro rank

Product category

Civil Infrastructure Construction

NAICS

Highway, Street, and Bridge Construction (237310), Ready-Mix Concrete Manufacturing (32732), Asphalt Paving, Roofing, and Saturated Materials Manufacturing (32412)

SIC

Water, Sewer, Pipeline, Comm & Power Line Construction (1623), Asphalt Paving & Roofing Materials (2950)

akta.pro primary industry

Rehabilitation, Lining & Renewal (Pipe Relining, Trenchless Rehab, Asset Renewal) (IMAFAGAL)

akta.pro secondary industries

Well Construction & Completion Services (Cementing, Casing, Tubular Running) (EUALABAC), Cable Installation & Construction Services (trenching, duct banks, HDD, pulling, cable laying) (EUADADAI), Underground Gas Line Trenching & Sleeving (HSAOAKAI), Temporary Pavement Markings & Delineation (Tape, Temporary Striping, Raised Markers) (TLAJALAE)

Keywords

• Civil infrastructure construction
• Road building contracting
• Construction materials supply
• Asphalt and aggregates production
• Trenchless pipeline solutions

Headquarters

HQ city

Saint Jacobs

HQ country

Canada

HQ region

North America

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Civil Infrastructure Construction Services: Revenue from new construction, reconstruction, pavement rehabilitation, road maintenance, traffic control, and specialty concrete services delivered directly to government, municipal, commercial, institutional and private sector clients across Southern Ontario.
2. Construction Materials Supply: Sale of aggregates, asphalt, ready mix concrete, and road salt to the construction, ready-mix concrete, and asphalt industries. Materials are produced at company-owned and partnered aggregate sites and asphalt plants and sold in bulk quantities to external customers and for internal project use.
3. Trenchless Solutions Services: Specialized trenchless pipe replacement and repair services including pipe bursting, hydrovac excavation, CCTV inspection, sliplining, and horizontal auger boring offered through McGillivray Trenchless Solutions division.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Steed and Evans Limited is a vertically integrated civil infrastructure construction and construction materials supply company serving government, municipal, commercial, institutional and private sector clients across Southern Ontario. The company delivers new construction, reconstruction, pavement rehabilitation, road maintenance, traffic control, specialty concrete, and trenchless pipe replacement services, while also producing and selling aggregates, asphalt, ready mix concrete, and road salt from its own pits, plants, and divisions.

Product overview

Steed & Evans Limited is a vertically integrated civil infrastructure and materials supply company offering end-to-end construction services and material products. The company operates through two main pillars: (1) Construction Services including New Construction, Reconstruction, Pavement Rehabilitation, Traffic Control, Road Maintenance, McGillivray Trenchless Solutions, and Specialty Concrete; and (2) Materials Supply including Aggregates (Heidelberg, Mann, Witmer sites), Asphalt (Heidelberg, Cambridge, Kitchener, Halton plants), Ready Mix Concrete (Cross Country Concrete), and Road Salt. The company leverages its internal Materials Testing Laboratory certified by CCIL and ACI to ensure quality across all material production. This vertical integration enables the company to supply, manage, and allocate all resources internally, delivering projects efficiently without coordinating multiple subcontractors.

Differentiator

Problem solved

Functional benefit

Products and services

• Asphalt Materials Full range of Marshall and Superpave asphalt mixes using regular and performance-graded asphalt cements, including SMA (Stone Mastic Asphalt), supplied from four strategically located plants in Kitchener, Waterloo, Hamilton, and Halton Region. Used by construction contractors, paving companies, and internal Steed and Evans road projects.
• Aggregates Full range of crushed, washed, screened, and recycled aggregates produced from Heidelberg, Mann, and Witmer aggregate sites to service ready-mix concrete, asphalt, and construction industries. Used by ready-mix concrete producers, asphalt producers, and construction contractors across Southern Ontario.
• Ready Mix Concrete Full range of concrete mixes produced by Cross Country Concrete, capable of meeting provincial and municipal specifications, with strategic location for efficient delivery. Used by construction contractors, municipalities, and commercial / industrial developers.
• Road Salt Bulk road salt available for sale in bulk quantities of 10 tonnes or greater, with delivery available from Kitchener and Niagara sites. Used by municipalities, contractors, and commercial entities for winter road maintenance.
• New Construction Services End-to-end new construction project management for roads, highways, subdivisions, and municipal infrastructure, eliminating the need for multiple subcontractors by providing supply, management, and allocation of all resources. Used by provincial ministries, regional municipalities, and commercial clients.
• Reconstruction Services Reconstruction projects for municipal, commercial, and highway clients, including sewers, watermain, granular supply, concrete work, asphalt supply, site grading, and bridge rehabilitation. Used by regional municipalities and commercial entities requiring road and infrastructure reconstruction.
• Pavement Rehabilitation Services Asphalt milling, paving, road rehabilitation, and traffic loop installation for restoring existing pavement infrastructure. Used by provincial and municipal clients managing aging road networks.
• Traffic Control Services Professional traffic control services for consultants, surveyors, utility companies, and contractors since 1999, including freeway and municipal crews, crash trucks, and lane closures. Used by utility companies, surveyors, consultants, and construction contractors.
• Road Maintenance Services Over 50 years of highway maintenance including salting, sanding, snow plowing, road patrolling, sweeping, line painting, and 24/7 emergency repairs. Used by provincial ministries and regional municipalities through Area Maintenance Contracts.
• McGillivray Trenchless Solutions Trenchless pipe replacement and repair services including proprietary pipe bursting technology, hydrovac excavation, CCTV inspection, sliplining, and horizontal auger boring. Used by municipalities, industrial plants, and contractors needing underground pipe replacement with minimal surface disruption.
• Specialty Concrete Services Custom concrete work including culvert lining, expansion joint replacement, bridge scaling, and impressed, decorative, and coloured concrete for design elements. Used by municipalities, commercial clients, and design-build projects requiring specialized concrete finishes.
• Materials Testing Laboratory Internal, year-round, fully equipped and certified 3,400 sq. ft. materials testing laboratory with full-time staff of technicians and engineers certified by CCIL and ACI, holding Type B and Type C asphalt aggregate certifications. Performs aggregate, Superpave, and Marshall asphalt quality control tests daily from gravel extraction through to finished material production. Supports internal construction projects and validates materials for external compliance.

Quantifiable outcome

• Runner up for Paver of the Year award from the Ontario Road Builders Association for the Rest Acres Road project — 2.9 km road reconstruction with 2 lighted intersections and 3 new roundabouts.
• +7 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Nelson Aggregate Co.coreStrategic or Co-development Partner · 1 January 2014Halton Asphalt Supply was formed through a partnership with Nelson Aggregate Co., located inside Nelson Aggregates' Burlington Quarry. This partnership enables Steed and Evans to operate a 14,000 lb. Cedar Rapids batch plant specializing in both Marshall and Superpave mixes for driveways to highway work.

Scale indicators6 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• CRH plc: Global building materials group that owns Dufferin Aggregates and other Ontario construction materials operations. Comparable in aggregates and asphalt, with broader geographic and product diversification.
• Aecon Group: Canada's largest publicly-traded construction company with significant road, highway, and infrastructure operations. Broader portfolio including industrial and utilities, but overlapping in road construction and materials supply capabilities.
• EllisDon: Major Canadian construction services firm with civil infrastructure capabilities. Overlaps with Steed & Evans in road and municipal infrastructure work though operates at much larger scale across building, healthcare, and transit sectors.
• Heidelberg Materials: Global building materials company with North American aggregates and ready-mix operations. Comparable in materials supply side of Steed & Evans' business, particularly relevant given Steed & Evans' Heidelberg-branded aggregate site legacy.
• Holcim Canada (formerly Lafarge Canada): Global building materials giant with extensive Canadian aggregates, ready-mix concrete, and asphalt operations. Overlaps with Steed & Evans in materials supply though operates at much larger scale across multiple construction segments.

Direct peers

• Green Infrastructure Partners (GIP): Ontario-based civil infrastructure contractor focused on road, bridge, and municipal construction. Comparable in government customer concentration and Southern Ontario operating geography.
• Dufferin Aggregates (CRH): Ontario-focused aggregates, asphalt, and ready-mix concrete supplier owned by CRH plc. Direct competitor in materials supply with overlapping Southern Ontario service territory and customer base.
• Coco Paving: Ontario-based asphalt paving, road construction, and materials supply company. Directly comparable in paving services, aggregate supply, and municipal government contract mix.
• Miller Group: Vertically integrated road construction, paving, and materials supplier operating across Ontario with aggregate pits, asphalt plants, and construction services. Closely comparable to Steed & Evans in scope, customer mix (government), and vertically integrated business model.
• Tomlinson Group: Eastern Ontario/Quebec-based aggregates, ready-mix concrete, asphalt, and construction services provider. Comparable in vertical integration from materials through construction and in serving municipal/provincial government customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

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Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

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 Steed & Evans Limited