Oaktree-backed Aecon Utilities buys Ainsworth’s electrical services and power systems unit

Birch Hill-backed GDI Integrated Facility Services is the seller.

  • The unit is called Ainsworth Power Construction
  • Aecon Group is a construction and infrastructure development business
  • Oaktree made a $150m convertible preferred equity investment in Aecon Utilities in 2023

Aecon Group’s Aecon Utilities, backed by Oaktree Capital Management, has acquired Ainsworth’s electrical services and power systems business unit from Birch Hill Equity Partners-backed GDI Integrated Facility Services.

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