NACG Closes $125M IMC Acquisition in Australia

North American Construction Group Ltd. (NACG) closed its acquisition of Iron Mine Contracting (IMC) on April 7, 2026, with an economic effective date of January 1, 2026. Total expected consideration is approximately $125 million, with the final amount to be determined based on IMC’s financial statements as of December 31, 2025.

IMC provides NACG an operating platform in Western Australia, including exposure to gold, iron ore and lithium, and a diversified, blue-chip customer base. NACG expects combining IMC with its MacKellar operations to enhance scale and local expertise and establish a Tier 1 platform in Australia.

Concurrently, NACG amended its senior secured credit facility, extending maturity to April 7, 2029 and adding direct lending capacity of $535 million, plus permission to incur $500 million of secured equipment financing. NACG funded the $41.5 million upfront payment with credit facility draws and assumed equipment financing of approximately $45 million, with remaining consideration to be paid via earn-out and deferred mechanisms over four years.