financetom
Business
financetom
/
Business
/
Aecon Group Acquires Trinity Industrial Services to Boost U.S. Footprint
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Aecon Group Acquires Trinity Industrial Services to Boost U.S. Footprint
Sep 20, 2025 8:42 PM

04:44 PM EDT, 09/18/2025 (MT Newswires) -- Aecon Group ( AEGXF ) after trade Thursday, said it acquired Texas-based Trinity Industrial Services.

Trinity is privately owned, has about 60 employees, and most of its revenue comes from multiyear master service agreements, according to the statement.

Aecon ( AEGXF ) Chief Executive Jean-Louis Servranckx said the deal gives the company a stronger presence in one of the most important industrial regions in the US.

Trinity's management team will continue to lead the business alongside Aecon's ( AEGXF ) Industrial division, the company added.

The financial details of the transaction were not disclosed.

Aecon ( AEGXF ) shares closed up $0.12 to $23.76 on the Toronto Stock Exchange.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Why Is Chronic Disease-Focused Jasper Therapeutics Stock Trading Higher On Monday?
Why Is Chronic Disease-Focused Jasper Therapeutics Stock Trading Higher On Monday?
Oct 17, 2024
On Monday, Jasper Therapeutics Inc ( JSPR ) stock is trading higher after the company reported preliminary data from its ongoing SPOTLIGHT Phase 1b/2a study of subcutaneous briquilimab in adult participants with cold urticaria (ColdU) or symptomatic dermographism (SD). Hives (also called urticaria) refer to raised and splotchy areas of skin that can be caused by an allergic reaction. 14 of...
Flora Growth to Distribute Canopy Growth's Medical Vaporizers in Australia
Flora Growth to Distribute Canopy Growth's Medical Vaporizers in Australia
Oct 17, 2024
09:44 AM EDT, 10/14/2024 (MT Newswires) -- Flora Growth ( FLGC ) said Monday that it signed a distribution agreement with Canopy Growth ( CGC ) to distribute the Storz & Bickel medical vaporizers in Australia. The product will be distributed through Flora Growth's ( FLGC ) Australian Vaporizers unit, Flora Growth ( FLGC ) said, adding the deal will...
Verb Technology's Q3 Results to be 'Exceedingly Better' than Q2, CEO Says; Shares Jump Pre-Bell
Verb Technology's Q3 Results to be 'Exceedingly Better' than Q2, CEO Says; Shares Jump Pre-Bell
Oct 17, 2024
09:23 AM EDT, 10/14/2024 (MT Newswires) -- Verb Technology's ( VERB ) Q3 results will be exceedingly better than Q2 as its restructured businesses gain traction, Chief Executive Rory Cutaia said Monday in a letter to stockholders. Shares of the company were up as much as 75% in recent premarket activity. It makes no sense to me that the stock...
Longboard Pharmaceuticals Strikes $2.6 Billion Deal to Be Acquired by Lundbeck
Longboard Pharmaceuticals Strikes $2.6 Billion Deal to Be Acquired by Lundbeck
Oct 17, 2024
09:20 AM EDT, 10/14/2024 (MT Newswires) -- Longboard Pharmaceuticals ( LBPH ) on Monday agreed to be acquired by Danish pharmaceutical company H. Lundbeck in a deal with an equity value of about $2.6 billion. Lundbeck will launch a tender offer to purchase all of Longboard's shares for $60 apiece in cash, representing a 77% premium to the biopharmaceutical firm's...
Copyright 2023-2026 - www.financetom.com All Rights Reserved