Acquiring Company
Major Drilling Group International
Acquired Company
Bunbury Drilling Company
Moncton
BunburyOil And GasMiningOil And GasDescription
Major Drilling, through its Australian subsidiary Major Drilling Pty Ltd, acquired all issued and outstanding shares of Bunbury Drilling Company for an upfront cash payment of A$50 million. An additional earn-out of up to A$20 million is subject to EBITDA milestones over three years, for total consideration of up to A$70 million (approximately C$69 million). The deal adds mine dewatering drilling to Major Drilling's Australian services and is expected to be immediately accretive to earnings per share.
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Frequently asked
Who acquired Bunbury Drilling Company?
Bunbury Drilling Company was acquired by Major Drilling Group International, based in Moncton. The deal was reported on November 2, 2026. Major Drilling Group International Inc. is the world’s leading provider of specialized drilling services primarily serving the mining industry. Major Drilling Group International is privately held and operates in Oil And Gas.
When did Major Drilling Group International acquire Bunbury Drilling Company?
Major Drilling Group International's acquisition of Bunbury Drilling Company was reported on November 2, 2026. Major Drilling, through its Australian subsidiary Major Drilling Pty Ltd, acquired all issued and outstanding shares of Bunbury Drilling Company for an upfront cash payment of A$50 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Bunbury Drilling Company do?
Bunbury Drilling Company is a leading specialized mine dewatering drilling contractor. It has over 70 years of operational expertise in mine site services, including dewatering drilling. It is privately held, operating in Oil And Gas, and is based in Bunbury.
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