North American Construction Group Announces Transformative Acquisition Of Mackellar Group, A Leading Private Australian Heavy Equipment Solutions Provider
Acquiring Company
North American Construction Group Ltd
Acquired Company
MacKellar Group
Acheson
AustraliaMiningConstructionBuilding MaintenanceCivil EngineeringManufacturingMiningConstructionDescription
North American Construction Group Ltd. (“NACG” or the “Company”) (TSX:NOA) today announced that it has entered into a definitive purchase and sale agreement to acquire (the “Transaction”) MacKellar Group (“MacKellar”) for an estimated $395 million (the “Consideration”). MacKellar Group, with its heavy construction equipment fleet, is an Australia-based provider of heavy earthworks solutions to the mining and civil sectors, with a strong reputation derived from decades of reliable performance. The Transaction will significantly expand NACG’s capability and allow the Company to serve a highly valuable and diversified base of customers globally.
Quick answer
North American Construction Group Ltd is acquiring MacKellar Group, announced July 26, 2023. North American Construction Group Ltd is based in Acheson, Alberta, Canada.
- How much did North American Construction Group Ltd pay for MacKellar Group?
- The deal value was not disclosed.
- What does North American Construction Group Ltd do?
- North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Canada, the U.S. and Australia.
- Where are North American Construction Group Ltd and MacKellar Group based?
- North American Construction Group Ltd is based in Acheson, Alberta, Canada. MacKellar Group is based in Australia.
Source: Fundz verified event record.
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Frequently asked
Who acquired MacKellar Group?
MacKellar Group was acquired by North American Construction Group Ltd, based in Acheson. The deal was reported on July 26, 2023. North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Canada, the U.S. and Australia. North American Construction Group Ltd is publicly traded (NOA) and operates in Mining.
When did North American Construction Group Ltd acquire MacKellar Group?
North American Construction Group Ltd's acquisition of MacKellar Group was reported on July 26, 2023. North American Construction Group Ltd. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does MacKellar Group do?
Established in 1966 based on humble family values MacKellar has earned an enviable reputation in the industry for performance and reliability. It is privately held, operating in Manufacturing, and is based in Australia.
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