Headquartered in Wakarusa, Indiana, Duna Services and its subsidiaries have approximately 350 employees and bring 14 years of experience providing underground and overhead electrical distribution, transmission, substation maintenance, and emergency restoration construction services. The majority of their work is conducted under master service agreements with utility and government clients, and their service area is geographically contiguous with Aecon Utilities' existing operations and focused on the Midwest and Eastern United States.
KNX is a certified women and minority-owned business enterprise headquartered in Rodney, Michigan, with over a decade of experience providing emergency restoration and storm response services for electrical distribution and transmission construction work.
"This acquisition provides additional U.S. platforms to accelerate growth in the electrical distribution and transmission market, augments our self-perform offering with cross-selling opportunities, increases recurring revenue, and enhances our ability to expand into growing regions with attractive project pipelines," said Jean-Louis Servranckx, President and Chief Executive Officer, Aecon Group Inc.
"We are pleased to strengthen our U.S. utility infrastructure expertise and extend a warm welcome to our new leadership groups and team members joining the Aecon Utilities group of companies," said Eric MacDonald, Executive Vice President, Aecon Utilities.
"We look forward to harnessing opportunities for collaboration with our complementary Xtreme Powerline team, while leveraging our collective capabilities to drive continued growth in priority markets across North America," said Scott Sheldon, President, Xtreme Powerline.
Dechert LLP served as legal ...
