financetom
Business
financetom
/
Business
/
GDI Closes Sale of Ainsworth Power Construction to an Aecon Subsidiary
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
GDI Closes Sale of Ainsworth Power Construction to an Aecon Subsidiary
Dec 2, 2024 11:12 AM

01:57 PM EST, 12/02/2024 (MT Newswires) -- GDI Integrated Facility Services ( GDIFF ) on Monday said it closed the sale of Ainsworth Power Construction (APC), an 80-employee business unit within its Technical Services segment, to Tristar Electrical, a subsidiary of Aecon Utilities Group (ARE.TO).

No price for the sale was disclosed.

APC is a specialized business performing high voltage work primarily for utilities across Ontario, and is non-core to GDI.

GDI was last seen down $0.44 to $35.77 on the Toronto Stock Exchange.

Price: 35.77, Change: -0.44, Percent Change: -1.22

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 >
Copyright 2023-2026 - www.financetom.com All Rights Reserved