North American Construction Group (NOA) Acquires Iron Mine Contracting

North American Construction Group Ltd. (NYSE:NOA) provides a wide scope of mining and dense operation services to customers successful the assets improvement and concern operation sectors, chiefly wrong the Canadian lipid sands.

North American Construction Group Ltd. (NYSE:NOA) received a boost connected December 18 erstwhile the institution announced that it had acquired Iron Mine Contracting (IMC), a Western Australian diversified mining services contractor. Valued astatine astir C$115 million, the woody is aimed astatine bolstering NACG’s beingness successful the Australian mining services, expanding its incremental EPS by astir 20% successful 2026.

Joe Lambert, President and CEO of North American Construction Group Ltd. (NYSE:NOA), stated:

“IMC represents a earthy and strategical hold of our concern into the Western Australian market. The IMC squad has built a high-quality concern with beardown margins sharing NACG’s halfway civilization of operational and information excellence. This acquisition provides a large instauration to accelerated way our Western Australia maturation strategy which is considered a planetary powerhouse for basal metals, precious metals and captious & uncommon world minerals. Combined with the MacKellar Group, we are present an Australian Tier 1 contractor susceptible of executing analyzable scopes crossed the entirety of Australia. IMC is simply a well-run concern successful a large marketplace presenting a wide accidental for low-capital maturation by leveraging our underutilized Canadian assets and our highly skilled in-house attraction squad experienced successful large constituent and full instrumentality rebuilds.”

The stock terms of North American Construction Group Ltd. (NYSE:NOA) has fallen by astir 35% since the opening of 2025.

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Disclosure: None.