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Delivering diverse utility infrastructure

Aecon Utilities is a large and diverse utility infrastructure provider in Canada with a growing U.S. presence. With a focus on the energy transition and a strategic investment by Oaktree Capital Management (Oaktree) Power Opportunities group, Aecon Utilities is positioned to accelerate growth across key end markets:

Telecom

Turnkey fibre installation, legacy network and 5G network expansion.

Pipeline Distribution

Natural gas gathering systems, distribution services maintenance, facilities construction and water distribution.

Electrical Distribution

Distribution infrastructure including overhead and underground electrical installations, conversions, and maintenance.
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Electrical Transmission

Services for substations, tower assembly and installation, including high-voltage transmission.
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GeoExchange

Aecon has over 20 years of experience building district energy, geoexchange and solar projects across North America and has developed strong alliance partnerships with renewable energy utility providers.

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Unlocking growth opportunities

Since the completion of Oaktree’s Preferred Shares investment in Q4 2023, Aecon Utilities has developed into a larger and more diversified utility services platform with greater exposure to electrical end-markets and a greater presence in the U.S., which are both largely underpinned by long-term repeatable work programs through Master Service Agreements.

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On June 25, 2026 Aecon announced that it has entered into an agreement to purchase the convertible preferred equity investment (the “Preferred Shares”) held by funds managed by the Power Opportunities strategy of Oaktree Capital Management, L.P. (“Oaktree”) in Aecon’s utility infrastructure subsidiary, Aecon Utilities Group Inc. (“Aecon Utilities”; together, the “Transaction”), with closing expected to occur in the fourth quarter of 2026 - Read More

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Partnering with clients to build a sustainable future

Aecon Utilities has a long history working with key clients including Enbridge, Bell and Union Gas (just to name a few) and has master service agreements for years to come.

With our own in-house engineering team - Aecon utility Engineering (AUE) - we are primed to support construction and provide value-added quality management assurance programs to our clients. 

U.S. Utilities

Aecon is a large and diverse utility infrastructure provider with a growing portfolio of work in the U.S. driven by significant energy transition opportunities.

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Related projects:

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Bell Canada Gigabit Fibe Service

Canada

With Aecon’s help, Bell has been deploying gigabit fibe service quickly and efficiently, while revolutionizing the way that internet access is delivered to customers' homes. Aecon is no stranger to working with Bell Canada.

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Oneida Energy Storage

Nanticoke, Ontario

The project is the largest of its kind in Canada and amongst the largest in the world. It will deliver a 250 megawatt / 1,000 megawatt-hour energy storage facility – ensuring the supply of clean, reliable electricity capacity for Ontario while reducing greenhouse gas emissions by 4.1 million tonnes – the equivalent of taking 40,000 cars off the road every year.

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Chatham to Lakeshore Transmission Line

Southwestern Ontario

Aecon is building a new double-circuit 230-kilovolt transmission line from Hydro One’s Chatham Switching Station to the Lakeshore Switching Station.

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Contact


Eric MacDonald
Executive Vice President, Utilities
(416) 297 2600
Email