Aecon Utilities (Aecon) Acquires K.P.C. Power Electrical Ltd. and K.P.C. Energy Metering Solutions Ltd.

Aecon Group Acquires Oaktree’s 27.5% Convertible Preferred Stake in Aecon Utilities

June 25, 2026

Industrial Services

Aecon Group Inc. has entered into an agreement to purchase the convertible preferred equity investment held by Oaktree Capital Management’s Power Opportunities strategy in Aecon Utilities Group Inc. for $320 million. The deal is expected to close in the fourth quarter of 2026, after which Aecon will hold 100% of Aecon Utilities and capture the full economics of its electrical, communications, and pipeline distribution end-markets.

Aecon Utilities Acquires Duna Services and 49% Stake in KNX Utility Services

March 9, 2026

Industrial Services

Aecon Group’s subsidiary, Aecon Utilities Group Inc., acquired Duna Services, LLC and its subsidiaries Arc American, LLC and C.A. Advanced, LLC, and also purchased a 49% interest in KNX Utility Services, LLC. The base purchase price is US$60 million, with potential additional contingent proceeds, financed via Aecon Utilities’ standalone committed revolving credit facility.

Aecon Utilities Acquires Majority Stake in Xtreme Powerline Construction

July 2, 2024

Construction

Aecon Utilities Group Inc., a subsidiary of Aecon Group Inc., has acquired a majority interest in Xtreme Powerline Construction for a base purchase price of approximately US$73 million. The acquisition expands Aecon Utilities' U.S. electrical distribution capabilities and footprint — Xtreme, founded in 2007 and headquartered in Port Huron, Michigan, has ~300 employees and long-standing relationships with utility clients including DTE Energy.

SPATCO Energy Solutions Acquires K&K Electric

November 30, 2023

Electrical Services

SPATCO Energy Solutions, a Kian Capital–backed infrastructure services platform, has acquired K&K Electric, Inc., an electrical services provider focused on petroleum fueling and EV infrastructure based in Sanford, Florida. The add-on expands SPATCO's petroleum and EV capabilities and Florida footprint, adding roughly 70 electricians and strengthening service offerings across the Southeast United States.

AE Industrial Partners Acquires Enercon Services Inc.

February 10, 2021

Industrial Services

AE Industrial Partners, LP has acquired Enercon Services Inc., a multi-disciplinary engineering and environmental services firm focused on energy and industrial markets. The acquisition, which will serve as a platform investment for AEI Fund II, positions Enercon for growth and expansion into new markets and services; terms were not disclosed.

CriticalPoint Capital Acquires AECOM's Power Construction Division to Launch United E&C

October 19, 2020

Construction

Affiliates of CriticalPoint Capital have closed the acquisition of AECOM's Power Construction division and launched the business as an independent company, United E&C, Inc. CriticalPoint said it will partner with United's management to build a stand-alone infrastructure engineering and construction platform serving power generation, transmission & distribution, and renewable markets.