Green Infrastructure Partners acquires Aecon Group's Ontario roadbuilding business

Green Infrastructure Partners Inc. has agreed to purchase Aecon Group Inc.'s Aecon Transportation East ("ATE") roadbuilding services, aggregates, and other materials supply businesses, focused on maintaining Ontario's critical civil infrastructure, for $235 million. The closing of the transaction is subject to certain usual closing conditions and receipt of required regulatory approvals and is expected to be completed in the first half of 2023. 

"We are excited to add ATE's vertically integrated roadbuilding solutions business in Ontario to GIP's existing platform, further solidifying the breadth of our services to support public infrastructure from our operations in Ontario, British Columbia, Manitoba, Saskatchewan, and Quebec," says Patrick Dovigi, GIP's executive chair.

"This acquisition will add significant scale to GIP's suite of vertically integrated roadbuilding services and materials supply capabilities including eight aggregate quarries to supply both internal and external customers, eight asphalt plants, and most importantly, close to 1,000 highly skilled and dedicated employees," continues Dovigi. "The combination of ATE and GIP's roadbuilding expertise will position GIP with the skills, equipment, and services to perform virtually any size of provincial, municipal, or private infrastructure project. We're looking forward to welcoming ATE's employees to the GIP family."