Aecon Acquires Aecon Utilities for $320 Million
1 report, 1 independent
Updated Tue 00:00
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What happened
Aecon Group Inc. acquired every outstanding preferred share in Aecon Utilities on November 3, 2026. The transaction was completed using Aecon’s existing cash. The acquisition was part of a transaction previously disclosed by the company.
From econotimes.com
Why it matters
The acquisition expands Aecon’s utility portfolio. Aecon’s construction portfolio includes nuclear, urban transportation, civil, utility, and industrial projects. Aecon trades on the Toronto Stock Exchange as ARE.
From econotimes.com
Who's involved
- AeconAcquired all preferred shares of Aecon Utilities