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M&A Deal Summary

Aecon Acquires Ainsworth

On December 2, 2024, Aecon acquired business services company Ainsworth from GDI Integrated Facility Services

Acquisition Highlights
  • This is Aecon’s 2nd transaction in the Business Services sector.
  • This is Aecon’s 6th transaction in Canada.
  • This is Aecon’s 3rd transaction in Ontario.

M&A Deal Summary
Date 2024-12-02
Target Ainsworth
Sector Business Services
Buyer(s) Aecon
Sellers(s) GDI Integrated Facility Services
Deal Type Divestiture

Target

Ainsworth

Toronto, Ontario, Canada
Ainsworth provides a broad range of technical services including mechanical maintenance, HVACR, electrical, cabling for data transport, and high voltage services for commercial, industrial, institutional, government, and residential building clients across Canada. Ainsworth was formed in 1933 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Aecon

Toronto, Ontario, Canada
Category Company
Founded 1867
Sector Construction
Employees9,427
Revenue 4.2B CAD (2024)
DESCRIPTION

Aecon is a construction and infrastructure development providing integrated turnkey services to private and public sector clients. Aecon was incorporated in 1867 and is based in Toronto, Ontario.

DEAL STATS #
Overall 8 of 10
Sector: Business Services M&A 2 of 3
Type: Divestiture M&A Deals 1 of 1
State: Ontario M&A 3 of 3
Country: Canada M&A 6 of 6
Year: 2024 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-28 United

Mt. Laurel, New Jersey, United States

United Engineers & Constructors is an infrastructure engineering, procurement, construction, and consulting company dedicated to improving lives by delivering the most impactful solutions. The company serves the power industry by providing comprehensive lifecycle services for the nuclear, conventional generation, renewable, and distributed energy markets. United is based in Mt. Laurel, New Jersey.

Buy $33M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-07 Bodell Construction

Salt Lake City, Utah, United States

Bodell Construction specializes in executing projects for the oil and gas, mining, water and wastewater, power generation, and commercial and institutional industrial sectors. Bodell Construction was founded in 1972 and is based in Salt Lake City, Utah.

Buy -

Seller(S) 1

SELLER

GDI Integrated Facility Services

Lasalle, Quebec, Canada
Category Company
Founded 1926
Sector Business Services
Employees9,500
DESCRIPTION

GDI Integrated Facility Services is a facility services industry, providing a range of janitorial, industrial, mechanical maintenance, and other services to the commercial real estate industry across Canada and the Northeast US. GDI Integrated Facility Services was founded in 1926 and is based in Lasalle, Quebec.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-14 Paramount Building Solutions

Phoenix, Arizona, United States

Paramount Building Solutions is a provider of outsourced janitorial services to the retail industry. Paramount Building Solutions currently services over 1,700 individual store locations throughout the United States. Paramount Building Solutions was founded in 2003 and is based in Phoenix, Arizona.

Buy -
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