by arslan_ahmed | May 3, 2023 3:17 pm
Civil infrastructure company, Green Infrastructure Partners Inc. (GIP), has entered an agreement with Aecon Group Inc. to acquire its Aecon Transportation East (ATE) roadbuilding services, aggregates, and other materials supply businesses, and expand its breadth of operations in Ontario.
The $235 million acquisition is focused on maintaining Ontario’s critical civil infrastructure. Headquartered in Toronto, GIP was formed on its acquisition of GFL Infrastructure Group and Coco Paving and their respective affiliates. GIP owns 33 asphalt plants, eight concrete plants, and an asphalt cement terminal, and has access to more than 250 aggregate sites in eastern Ontario.
“We’re 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. “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.”
Source URL: https://www.constructioncanada.net/acquisition-of-aecons-ont-roadbuilding-arm-to-expand-gips-services/
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