Aecon Utilities Acquires Majority Stake in Xtreme Powerline Construction
July 2, 2024
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.
- Buyers
- Aecon Utilities Group Inc., Aecon Group Inc.
- Targets
- Xtreme Powerline Construction
- Industry
- Construction
- Location
- Michigan, United States
- Transaction Type
- Buyout
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