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North American Construction Group Strengthens its Presence in Western Australia with the Acquisition of Iron Mine Contracting, a Diversified Mining Services Contractor
ACHESON, Alberta, Dec. 18, 2025 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. ( ...
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[{"type":"text","content":"North American Construction Group Strengthens its Presence in Western Australia with the Acquisition of Iron Mine Contracting, a Diversified Mining Services ContractorNACG also Provides Year-End Business Updates on Infrastructure, Fleet Optimization and 2026 Outlook\nACHESON, Alberta, Dec. 18, 2025 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. (“NACG” or the “Company”) (TSX:NOA/NYSE:NOA) today announced that it has entered into a definitive share purchase agreement to acquire Iron Mine Contracting (“IMC”), a privately owned Western Australian diversified mining services contractor. The acquisition is valued at approximately $115 million (“the Transaction”). Concurrent with this announcement, the Company is providing a year-end update on its infrastructure and fleet optimization initiatives, along with its 2026 financial outlook. All references to dollars are in Canadian dollars. Acquisition of Iron Mine Contracting IMC is a diversified mining services contractor headquartered in Western Australia. The company provides a full suite of services, including contract mining, crushing, civil and tailings services to a blue-chip customer base. Its operations span key commodity sectors such as gold, iron ore and lithium backed by an established track record of safe and profitable operations. IMC boasts a strong order book, currently exceeding $1.0 billion and including a recently awarded lithium mining contract with a three-year term. This backlog is supported by a strong pipeline of large mining and civil projects. Joe Lambert, President and Chief Executive Officer of NACG, commented: “IMC represents a natural and strategic extension of our business into the Western Australian market. The IMC team has built a high-quality business with strong margins sharing NACG’s core culture of operational and safety excellence. This acquisition provides a great foundation to fast track our Western Australia growth strategy which is considered a global powerhouse for base metals, precious metals and critical & rare earth minerals. Combined with the MacKellar Group, we are now an Australian Tier 1 contractor capable of executing complex scopes across the entirety of Australia. IMC is a well-run business in a great market presenting a clear opportunity for low-capit...