Aecon Utilities expands electrical services and power systems capabilities with acquisition of Ainsworth’s Power Construction business

TORONTO, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Aecon Group Inc. (TSX: ARE) (“Aecon” or the “Company”) announced today that its subsidiary, Aecon Utilities Group Inc. (“Aecon Utilities”), has acquired Ainsworth Power Construction (“APC”), an electrical services and power systems business unit of Ainsworth, headquartered in Toronto, Ontario, from GDI Integrated Facility Services (the “Transaction”). APC’s management and operational teams are joining Aecon Utilities through the transaction, which is being financed through Aecon Utilities’ standalone committed revolving credit facility.

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