TORONTO, November 3, 2025 — Aecon Group Inc. (TSX: ARE) has announced that its subsidiary, Aecon Utilities Group Inc., has entered into a definitive share purchase agreement to acquire K.P.C. Power Electrical Ltd. and K.P.C. Energy Metering Solutions Ltd. (collectively, “KPC”), headquartered in Ontario (the “Transaction”).
The transaction, expected to close in the fourth quarter of 2025, will be financed through Aecon Utilities’ committed revolving credit facility and is subject to customary closing conditions. KPC’s management and operational teams will remain with KPC following the transaction.
Founded in 2011, KPC’s Power Electrical business provides high-voltage testing and commissioning services. KPC’s Energy Metering Solutions business, founded in 2018, provides end-to-end services including meter installation and replacement, re-verification, and troubleshooting.
Jean-Louis Servranckx, President and CEO of Aecon Group Inc., stated that the acquisition of KPC strengthens client relationships, increases recurring revenue, expands expertise and capacity, and accelerates the ability to harness grid modernization and infrastructure upgrade opportunities.
Eric MacDonald, Executive Vice President, Aecon Utilities, said that the company welcomes the KPC team to the Aecon Utilities group of companies and is pleased to expand its capabilities.
For further information, contact:
Adam Borgatti
SVP, Corporate Development and Investor Relations
416-297-2600
ir@aecon.com
Nicole Court
Vice President, Corporate Affairs and Communications
416-297-2600
corpaffairs@aecon.com
Source: Aecon Group Inc.
