Aecon completed sale of roadbuilding subsidiary

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

Canadian contractor Aecon has completed the US$175 million cash sale of its Ontario roadbuilding subsidiary to Canadian infrastructure company Green Infrastructure Partners (GIP).

Aecon Transportation East (ATE) is involved in road building, services, and the supply of materials. They possess eight asphalt plants and eight aggregate quarries that they can use for both internal and external purposes. With these resources, GIP will be able to undertake infrastructure projects for provinces, municipalities, and private clients. 

List of the country updates

Country updates

  • May 10, 2023

    Pacific Equity Partners' fund receives US$54M from CEFC

    Pacific Equity Partners' fund has received a US$54 million investment from Clean Energy Finance Corporation (CEFC) to decarbonize mid-market infrastructure assets. The fund has assets under managemen...

    Read more
  • May 09, 2023

    Tender issued for Student Housing PPP project in Canada

    Algoma University has issued a Request for Proposal (RFP) for the Design Build Finance and Maintenance (DBFM) of a new student residence building for its Brampton campus in Ontario, Canada.

    Read more
  • May 08, 2023

    WSP has acquired LGT Inc.

    Toronto-listed engineer WSP Global has acquired the Quebec building engineering firm LGT.  The acquisition of LGT strengthens service offerings, particularly in the education, cultural building...

    Read more
  • May 05, 2023

    Firms shortlisted for multibillion SkyTrain PPP project in Canada

    The Government of British Columbia has announced three consortiums that have been shortlisted for a major contract on the CAD$3.9 billion (US$2.9 billion) Surrey Langley SkyTr...

    Read more
  • May 04, 2023

    Contract awarded for Green Line Phase 1 LRT project in Calgary

    The Green Line Board has approved the Development Phase Agreement and selected Bow Transit Connectors (BTC) as Green Line’s Development Partner.  BTC consists of a joint venture of Barnard...

    Read more

Share this update