Aecon enhances North American nuclear capability with agreement to acquire United Engineers & Constructors Inc. [Financial Post (Toronto, Ontario, Canada)]
North American Construction Group Ltd. Common Shares (no par) (NOA)
Last north american construction group ltd. common shares (no par) earnings: 2/19 04:05 pm
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US:NYSE Investor Relations:
seekingalpha.com/article/4119118-north-american-energy-partners-noa-ceo-martin-ferron-q3-2017-results-earnings-call-transcript
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Source: Financial Post
TORONTO, Oct. 28, 2024 (GLOBE NEWSWIRE) — Aecon Group Inc. (TSX: ARE) (“Aecon” or the “Company”) announced today that it has entered into a definitive purchase agreement to acquire United Engineers & Constructors Inc. (“United”), a nuclear and conventional power contractor headquartered in Mount Laurel, New Jersey, from affiliates of CriticalPoint Capital, LLC for a purchase price of US$33 million (the “Transaction”), payable in cash at closing. United's management and operational teams will join Aecon upon closing of the Transaction, which is subject to customary adjustments and closing conditions, including obtaining all necessary regulatory approvals. Founded in 1905, United provides end-to-end engineering, planning, and program and construction management services to nuclear and conventional power clients in the United States and Canada. United maintains a strategic focus on nuclear power plant life extensions and developing small modular reactor and power generation projects
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