ATCO to Spin Off Industrial Services Businesses as New ATCO
October 6, 2026
In connection with Emera’s acquisition of Canadian Utilities, ATCO plans to spin off its industrial services businesses into New ATCO, a newly formed publicly traded company focused on housing, defence and investments, including ports and retail energy. The separation is intended to give those businesses dedicated leadership, capital and strategic focus; New ATCO shares are to be distributed to ATCO shareholders.
- Targets
- New ATCO
- Sellers
- ATCO Ltd.
- Industry
- Industrial Services
- Location
- Alberta, Canada
- Transaction Type
- Divestiture
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