North American Construction Group Ltd. acquires Iron Mine Contracting
Type: Acquisition · Technology: Mining, Industrial, Other · Country: Australia · Value: CAD 115M · Announced: 2025-12-18
North American Construction Group Ltd. entered into a definitive share purchase agreement to acquire Iron Mine Contracting, a Western Australian diversified mining services contractor, for approximately C$115 million, funded by senior-secured bank financing (65%) and vendor-provided debt (35%), with additional equipment financing assumed and earn-out/deferred payments, announced 2025-12-18.
Counterparties
- Iron Mine Contracting (IMC) (Seller)
- North American Construction Group Ltd (Buyer)
- National Bank Capital Markets (Partner)
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