TORONTO, Nov. 03, 2026 (GLOBE NEWSWIRE) -- Aecon Group Inc. (TSX: ARE) (“Aecon”) announced today the closing of the previously disclosed agreement to purchase all the outstanding Preferred Shares of Aecon Utilities for $320 million in cash. The purchase was funded from available cash on hand.

About Aecon

Aecon Group Inc. (TSX: ARE) is a North American construction and infrastructure development company with global experience. Aecon delivers integrated solutions to private and public-sector clients through its Construction segment in the Civil, Urban Transportation, Nuclear, Utility and Industrial sectors, and provides project development, financing, investment, management, and operations and maintenance services through its Concessions segment. Join our online community on X, LinkedIn, Facebook, and Instagram @AeconGroupInc.

For further information:

Adam Borgatti 
SVP, Corporate Development and Investor Relations 
416-297-2600 
ir@aecon.com

Nicole Court 
Vice President, Corporate Affairs and Communications 
416-297-2600 
corpaffairs@aecon.com