Operating Company Industrial Services

Aecon Utilities Group

Toronto, Ontario, Canada

Aecon Utilities Group is a utility infrastructure solutions provider delivering electrical transmission and distribution and related utility construction and services, including substation maintenance, high-voltage testing and commissioning, and emergency restoration/storm response work as part of Aecon’s utilities platform.

Focus Areas
Electrical transmission & distribution construction and maintenance, Substation maintenance, High-voltage testing and commissioning

Tracked deals

3

3 tracked deals across 2024-2026.

Recent pace

2

2 tracked deals announced in the last 12 months.

Deal mix

Buyout

3 buyout

Aecon Utilities Group Acquisition Volume by Year

Last 2 years

Acquisition volume by year Annual acquisition counts for the last 2 years for Aecon Utilities Group. 1 2024 ~3 est. 2 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Aecon Utilities Acquires Duna Services and 49% Stake in KNX Utility Services
    March 9, 2026
    Buyer
    Aecon Utilities Group Inc., Aecon Group Inc., Oaktree
    Target
    Duna Services, LLC, Arc American, LLC, C.A. Advanced, LLC, KNX Utility Services, LLC
    Seller
    Ryker Holdings Inc.
    Industry
    Industrial Services
    Location
    Indiana, United States
    Type
    Buyout

    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 (Aecon) Acquires K.P.C. Power Electrical Ltd. and K.P.C. Energy Metering Solutions Ltd.
    January 6, 2026
    Buyer
    Aecon Utilities Group Inc., Aecon Group Inc.
    Target
    K.P.C. Power Electrical Ltd., K.P.C. Energy Metering Solutions Ltd.
    Industry
    Engineering Services
    Location
    Ontario, Canada
    Type
    Buyout

    Aecon Group Inc.'s subsidiary Aecon Utilities Group Inc. has completed the acquisition of K.P.C. Power Electrical Ltd. and K.P.C. Energy Metering Solutions Ltd. (collectively, KPC). The acquisition adds high-voltage testing, commissioning and energy metering capabilities in Ontario to Aecon's utilities platform, strengthening its position for grid modernization and electrification projects.

  • Aecon Utilities Acquires Majority Stake in Xtreme Powerline Construction
    July 2, 2024
    Buyer
    Aecon Utilities Group Inc., Aecon Group Inc.
    Target
    Xtreme Powerline Construction
    Industry
    Construction
    Location
    Michigan, United States
    Type
    Buyout

    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.

Related Acquisition Pages

Construction Buyers & Acquisitions 1 tracked deal by Aecon Utilities Group. Engineering Services Buyers & Acquisitions 1 tracked deal by Aecon Utilities Group. Industrial Services Buyers & Acquisitions 1 tracked deal by Aecon Utilities Group. Acquisitions in Indiana 1 tracked deal by Aecon Utilities Group. Acquisitions in Michigan 1 tracked deal by Aecon Utilities Group.

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