# Aecon Group acquires United Engineers & Constructors for US$33 million

Aecon Group Inc. entered into a definitive agreement to acquire United Engineers & Constructors Inc., a nuclear and conventional power contractor, for US$33 million in cash.

- Type: Acquisition
- Announced: 2024-10-28
- Where: Mount Laurel, New Jersey, United States
- Value: $33.0M
- Status: announced
- Products: nuclear and conventional power engineering and construction services
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Aecon Group](https://endata.com/companies/3614.md) (acquirer)
- [United Engineers & Constructors](https://endata.com/companies/8175.md) (target)
- [CriticalPoint Capital, LLC](https://endata.com/companies/80714.md) (partner)

## Sources

- [financialpost.com](https://financialpost.com/globe-newswire/aecon-enhances-north-american-nuclear-capability-with-agreement-to-acquire-united-engineers-constructors-inc), 2024-10-28: "United strengthens our relationships with existing clients, provides opportunities to develop new clients, adds engineering capability and capacity."
- [canada.constructconnect.com](https://canada.constructconnect.com/dcn/news/usa/2024/10/aecon-acquires-united-engineers-constructors-inc), 2024-10-29: "Aecon Group Inc. has entered into an agreement to acquire United Engineers & Constructors Inc., a nuclear and conventional power contractor headquartered in Mount Laurel, N.J., from affiliates of CriticalPoint Capital, LLC for $33 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.