Ontario Construction News staff writer
Aecon Group has sold Aecon Transportation East roadbuilding in Ontario to Green Infrastructure Partners Inc.for $235 million, the companies announced last week.
“We are excited to add ATE’s vertically integrated roadbuilding solutions’ business in Ontario to GIP’s existing platform, further solidifying the breadth of our services to support public infrastructure from our operations in Ontario, British Columbia, Manitoba, Saskatchewan and Quebec,” Patrick Dovigi, GIP’s executive chair said in March, when the agreement was first announced. “We 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’s infrastructure division and to accelerate our growth through acquisition, further consolidating GIP’s position as one of Canada’s premier suppliers of critical infrastructure maintenance services.
“This acquisition is one of those great opportunities.”
Green Infrastructure Partners was formed when it acquired GFL Infrastructure Group and Coco Paving and 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.
“The combination of ATE and GIP’s roadbuilding expertise will position GIP with the skills, equipment and services to perform virtually any size of provincial, municipal or private infrastructure project,” stated Dovigi.