Jun 26, 2026
Aecon (ARE) should be up today after announcing it bought the remaining 27.5% of its utilities business for $320M, or 13x LTM EBITDA - below where it currently trades…
… despite the segment’s attractive outlook, with roughly half of its LTM revenue tied to electrical end markets where demand is ramping up - as evidenced by Toromont’s $1B of new power systems orders.
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