{"id":16650,"date":"2023-05-06T21:59:07","date_gmt":"2023-05-07T04:59:07","guid":{"rendered":"https:\/\/essential.construction\/news\/aecon-completes-roadbuilding-sale-on-site-magazine\/"},"modified":"2023-05-06T21:59:07","modified_gmt":"2023-05-07T04:59:07","slug":"aecon-completes-roadbuilding-sale-on-site-magazine","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/aecon-completes-roadbuilding-sale-on-site-magazine\/","title":{"rendered":"Aecon completes roadbuilding sale – On-Site Magazine"},"content":{"rendered":"

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<\/a>Aecon Group Inc. recently announced the closing of a previously disclosed definitive purchase agreement with Green Infrastructure Partners (GIP) Inc. for its roadbuilding business in Ontario. The deal will see the Aecon Transportation East (ATE) roadbuilding, aggregates and materials businesses in Ontario transfer hands for $235 million in cash.<\/p>\n

\"-\"<\/a>\u201cWe are excited to add ATE\u2019s vertically integrated roadbuilding solutions\u2019 business in Ontario to GIP\u2019s existing platform, further solidifying the breadth of our services to support public infrastructure from our operations in Ontario, British Columbia, Manitoba, Saskatchewan and Quebec,\u201d said Patrick Dovigi, GIP\u2019s executive chair when the agreement was initially announced. \u201cWe saw a tremendous opportunity to enhance the scale and service offerings around our vertically integrated Coco Paving platform, with the self-perform capabilities initially added from GFL\u2019s infrastructure division and to accelerate our growth through acquisition, further consolidating GIP\u2019s position as one of Canada\u2019s premier suppliers of critical infrastructure maintenance services. This acquisition is one of those great opportunities.\u201d<\/p>\n

The acquisition significantly increases GIP\u2019s suite of vertically integrated roadbuilding services and materials supply capabilities.<\/p>\n

\u201cThe combination of ATE and GIP\u2019s roadbuilding expertise will position GIP with the skills, equipment and services to perform virtually any size of provincial, municipal or private infrastructure project,\u201d stated Dovigi.<\/p>\n

Green Infrastructure Partners was formed on its acquisition of GFL Infrastructure Group and Coco Paving and their respective affiliates. GIP is a provider of civil infrastructure services with 33 asphalt plants, eight concrete plants, access to over 250 aggregate sites, an asphalt cement terminal in Eastern Ontario and more than 3,000 employees across its operations.<\/p>\n

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www.gipi.com<\/a><\/p>\n

www.aecon.com<\/a><\/p>\n<\/p><\/div>\n