12:30 PM EST - Aecon Group Inc. : Has acquired Voltage Power, an electrical transmission and substation contractor headquartered in Winnipeg, Manitoba. The base purchase price is $30 million in cash, with additional earnout payments possible based on achieving minimum EBITDA targets over the next three years. The base purchase price implies a transaction multiple of approximately 3.75x Voltage Power's average EBITDA over the past three years and will be fully financed using Aecon's available cash. Aecon Group Inc.
shares T.ARE are trading up $0.12 at $17.33.
