Cascade Partners is honored to be named among the winners for the 16th Annual M&A Advisor International M&A Awards in the Cross Border Deal of The Year ($50M-$100M category) for the acquisition of Xtreme Powerline Construction by Aecon Utilities.
Founded in 2007, Xtreme is a full-service powerline maintenance and repair services contractor employing approximately 300 people.
“We’re grateful to all the professionals and firms who supported and advised Cascade and our client throughout this transaction. Xtreme Powerline Construction’s leadership did an outstanding job managing the business and equipping our advisory team with the insights needed to tell their story effectively, preserve value, and enhance the outcome of the deal,” said Rajesh Kothari, CFA – Founder and Managing Director – Cascade Partners.
David Thomas, Director – Cascade Partners, added, “The shareholders were patient and allowed us to adjust deal dynamics and structure an asymmetric earnout that satisfied both retiring and continuing owners.”
Award winners were selected by an independent judging panel for their innovation, leadership, and community contribution. The recognition culminates at the 2025 Leadership in Dealmaking Summit, held September 15 and 16, 2025, in New York City — a gathering of industry leaders, past honorees, and new voices driving meaningful change.