M&A Deal Summary

Aecon Acquires United

On October 28, 2024, Aecon acquired construction company United from CriticalPoint Capital for 33M USD

Acquisition Highlights
  • This is Aecon’s 6th transaction in the Construction sector.
  • This is Aecon’s 4th largest (disclosed) transaction.
  • This is Aecon’s 2nd transaction in the United States.
  • This is Aecon’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2024-10-28
Target United
Sector Construction
Buyer(s) Aecon
Sellers(s) CriticalPoint Capital
Deal Type Add-on Acquisition
Deal Value 33M USD

Target

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.

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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 7 of 7
Sector (Construction) 6 of 6
Type (Add-on Acquisition) 7 of 7
State (New Jersey) 1 of 1
Country (United States) 2 of 2
Year (2024) 2 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-02 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.

Buy $73M

Seller(S) 1

SELLER

CriticalPoint Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2012
Size Small
Type Sector Agnostic
DESCRIPTION

CriticalPoint Capital is a private equity firm focused on making control and non-control investments to support distressed situations, acquisitions, recapitalizations, or growth capital needs. CriticalPoint seeks businesses with recurring revenue and operating in sectors undergoing transition. CriticalPoint will consider companies with up to $500 million in revenue and up to $10 million of EBITDA. CriticalPoint Capital is based in Manhattan Beach, California.

DEAL STATS #
Overall 4 of 4
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (New Jersey) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-05 JackRabbit

Denver, Colorado, United States

JackRabbit is an operator of the stores that serve a broad audience of runners, athletes, and fitness enthusiasts through its specialty retail stores in 17 states and on its e-commerce sites jackrabbit.com, clevertraining.com, and surfoutfitter.com. Jackrabbit is based in Denver, Colorado.

Sell -
Mergr

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