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Aecon Utilities acquires electrical distribution utility contractor Xtreme Powerline

Global Newswire by Notified: M&A

TSX: ARE) (“Aecon” or the “Company”) announced today that its subsidiary, Aecon Utilities Group Inc. The Transaction is being financed through Aecon Utilities’ standalone committed revolving credit facility. Xtreme management are committed to supporting Aecon Utilities’ expansion in the U.S.

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Key Considerations in Utilizing a Letter of Intent in Health Care Transactions

JD Supra: Mergers

A letter of intent (LOI), expression of interest (EOI) or term sheet is typically the first substantive document in the life of a transaction (noting that, oftentimes, parties will sign a nondisclosure agreement prior to entering into an LOI or EOI; however, confidentiality terms can also be included in the LOI or EOI itself).

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The utilities sector is up 10% in 2024. These four names still have room to run, Morningstar says

CNBC: Investing

Enthusiasm around powering the artificial intelligence revolution is breathing new life into utilities this year. Morningstar likes these four stocks.

Utilities 108
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Repowering the grid: 5 PE deals in the utility EPC sector

PE Hub

Calera, Greenbelt, Align, Oaktree and CAI are among the private equity firms buying engineering, procurement and construction contractors for utilities. The post Repowering the grid: 5 PE deals in the utility EPC sector appeared first on PE Hub.

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Keeping the Lights On: Brazilian Power Utility Wins Cybersecurity Award for Securing Grid Network with Cisco

Cisco: M&A

Cyberattacks on electric power utilities are on the rise. From 2020 to 2022, weekly attacks more than doubled. An attack that exploits a vulnerability in intelligent electronic devices (IEDs) like… Read more on Cisco Blogs

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Unitil to Purchase Bangor Natural Gas Company from Hope Utilities, Inc.

Global Newswire by Notified: M&A

July 09, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE: UTL) ( unitil.com ) today announced that Unitil has agreed to purchase Bangor Natural Gas Company (“Bangor”) from PHC Utilities, Inc., a subsidiary of Hope Utilities, Inc., HAMPTON, N.H., Bangor’s enterprise value represents a multiple of approximately 1.2

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Align Capital Partners eyes tuck-ins for utility consulting group E Source

PE Hub

E Source is looking to add subject matter expertise to help utilities with some of their largest grid-related problems,' said Matt Iodice. The post Align Capital Partners eyes tuck-ins for utility consulting group E Source appeared first on PE Hub.