On January 5, 2021, Alectra Energy Services Inc. (a division of Alectra Inc.) announced that it had completed the acquisition of Holland Power Services (HPS).
HPS is based in Maugerville, New Brunswick, but operates primarily throughout Eastern Canada and the eastern US to provide emergency power restoration services resulting from disruptions caused by severe weather events. HPS also provides various electrical services to its utility and industrial customers, including specialized equipment testing, installation, maintenance and repairs to power infrastructure.
Climate change is widely viewed as being responsible for the increased frequency of major weather events that are adversely and negatively impacting the utility industry. The addition of HPS to the Alectra family highlights both companies' focus on ensuring that communities and businesses can rely on this fundamental requirement in our modern society while supporting Alectra's forward-looking growth strategy.
Alectra's family of energy companies distributes electricity to more than one million homes and businesses in Ontario's Greater Golden Horseshoe area and provides innovative energy solutions to these and thousands more province-wide.
Gowling WLG advised Alectra in this transaction with a team led by Robert Hull and that included Edward Johnston, Aliana Dhanani and Howard Xin (corporate); Paul Carenza (tax); Kirsty Strong and Julie Lanteigne (real estate); Allen Craig, Ailsa Wiggins and Josée Gervais (employment); Belinda Bain and Rachel Runge (insurance); and Jodi English (IP).
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
