Transactions
TCC advises on the acquisition of Voltage Power by AECON
Travelers Capital is pleased to announce closing of the acquisition of Voltage Power Ltd., a leading Canadian electrical transmission and substation contractor headquartered in Winnipeg, Manitoba, by Aecon Group Inc. (TSX: ARE) for a base purchase price of $30 million with additional earnout payments possible based on achieving minimum EBITDA targets over the next three years.
Travelers Capital acted as exclusive financial advisor to Voltage in respect of the transaction. The full press release from Aecon can be found here.
