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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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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.

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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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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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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.

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Calera Capital-backed TIS picks up underground utility firm Dynetek

PE Hub

The post Calera Capital-backed TIS picks up underground utility firm Dynetek appeared first on PE Hub. Headquartered in Warren, Michigan, TIS is an infrastructure services provider in the power, fiber, and wireless communications construction industries.

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ORIX Capital-backed Peak Utility Services taps Lennon as CEO

PE Hub

The post ORIX Capital-backed Peak Utility Services taps Lennon as CEO appeared first on PE Hub. Outgoing CEO Christopher Larocca will remain on Peak's board of directors, and will remain CEO of Network Connex, which is also backed by ORIX.