On April 7, 2026, North American Construction Group Ltd. (NACG) completed the acquisition of Iron Mine Contracting (IMC), a privately owned mining services contractor headquartered in Western Australia, for approximately C$125 million. The transaction, initially announced on December 18, 2025, included IMC’s diversified service offerings across contract mining, crushing, civil and tailings, as well as its substantial order book exceeding C$1.0 billion.
The acquisition represents a significant step in NACG’s strategy to accelerate growth and expand its Australian Tier 1 contractor platform alongside MacKellar Group. By integrating IMC’s established operations, blue-chip customer base and exposure to key commodities including gold, iron ore and lithium, NACG strengthens its position in a competitive global mining services market. The transaction was further supported by the amendment of NACG’s senior secured credit facility, providing $535 million in direct lending capacity across Canadian and Australian dollar tranches, enhancing financial flexibility to support ongoing growth and integration initiatives.
Fasken advised North American Construction Group Ltd. with a team led by Grant McGlaughlin and included Victoria Zed (Mergers & Acquisitions) and Nathan Gates and Ridda Farooq (Banking & Finance).
Jurisdictions
- Western Australia
- Australia
