M&A Deal Summary

Aecon Acquires Xtreme

On July 2, 2024, Aecon acquired business services company Xtreme for 73M USD

Acquisition Highlights
  • This is Aecon’s 1st transaction in the Business Services sector.
  • This is Aecon’s 3rd largest (disclosed) transaction.
  • This is Aecon’s 1st transaction in the United States.
  • This is Aecon’s 1st transaction in Michigan.

M&A Deal Summary
Date 2024-07-02
Target Xtreme
Sector Business Services
Buyer(s) Aecon
Deal Type Add-on Acquisition
Deal Value 73M USD

Target

Xtreme

Port Huron, Michigan, United States
Xtreme is an electrical distribution utility contractor specializing in overhead distribution line repair, maintenance, and expansion services throughout the Eastern United States, and provides emergency restoration services for over 20 utility clients across the U.S. Xtreme is based in Port Huron, Michigan.

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Buyer(S) 1

Buyer

Aecon

Toronto, Ontario, Canada
Category Company
Founded 1877
Sector Construction
Employees8,684
Revenue 4.6B CAD (2023)
DESCRIPTION

Aecon is a construction and infrastructure development providing integrated turnkey services to private and public sector clients. Aecon was incorporated in 1877 and is based in Toronto, Canada.

DEAL STATS #
Overall 6 of 6
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 6 of 6
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-03 Aecon Group - Contract Mining Business

Toronto, Ontario, Canada

Aecon Group, Inc. - Contract Mining Business provides overburden removal and environmental reclamation services through a dedicated fleet of earth-moving equipment, primarily in the oil sands in Fort McMurray, Alberta.

Sell $199M
Mergr

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