Effective October 1, 2023, North American Construction Group Ltd. ("NACG"), a leading provider of heavy civil construction and mining services in Canada, the U.S., and Australia, successfully acquired MacKellar Group, an Australia-based heavy earthworks solutions provider. The total expected consideration for this strategic acquisition is C$395 million.
Concurrent to the transaction, NACG entered into an amended and restated senior revolving credit facility with an upsized overall lending capacity of C$430 million and a maturity date of October 3, 2026. Funding will support equipment financing among other general corporate matters.
Fasken advised NACG in connection with this transaction and related financing arrangements with a team led by Gordon Raman, including Justine Connors, Zach Austin, ZiChen Gao (Mergers & Acquisitions); Huy Do (Competition, Marketing & Foreign Investment); David Ferris, Daniel Leslie and Lu Chen (Banking & Finance).
Jurisdictions
- Canada
- Australia
