July 7, 2009, Philadelphia, PA and Canton, MA –- Asplundh Tree Expert Co. and its subsidiary Utilicon Solutions, Ltd. announced today they have completed a stock acquisition of American Electrical Testing Co., Inc. (AETCO), based in Canton, MA. In business for more than 30 years, AETCO's services include acceptance testing, commissioning and start-up services, engineering services, preventive and predictive maintenance programs and infrared surveys.
This acquisition is a win-win for both UtiliCon and AETCO. UtiliCon expands the scope of services it offers to its extensive customer base, while AETCO receives the organizational and financial support required to continue its growth.
Both AETCO President/CEO Charlie Blizard, Jr. and Vice President of Field Operations Scott Blizard remain in their current positions and will report to UtiliCon Solutions Vice President Greg Holman. Charlie Blizard commented, “We are eager to grow and move forward, with support from UtiliCon and Asplundh, while we continue to provide great service to our current customers in the electrical power industry.”
Regarding the acquisition's benefits, President of UtiliCon Solutions George Graham said, “We are very pleased with the addition of American Electrical Testing Co. to the UtiliCon family of companies. AETCO's experience and expertise in the testing and commissioning process is a perfect complement to our transmission, substation and distribution construction operations. This provides extra added value to our customers when they need it most. I welcome AETCO to our team and look forward to a very successful future.”
About UtiliCon Solutions
UtiliCon Solutions, Ltd. was formed from the Asplundh Tree Expert Co. to provide a diverse family of services for the utility industry. Companies include names that are well known throughout the industry: Asplundh Construction Corp., Utility Lines Construction Services, Utilities Service Corp., VSI Meter Services, Utility Meter Services, American Lighting and Signalization, Utility Pole Technologies, Asplundh One Call, Asplundh Environmental Services and Asplundh Motor Company.