M&A Deal Summary

North American Construction Acquires Aecon Group - Contract Mining Business

On October 3, 2018, North American Construction acquired metals/mining company Aecon Group - Contract Mining Business from Aecon for 199M USD

Acquisition Highlights
  • This is North American Construction’s 1st transaction in the Metals/Mining sector.
  • This is North American Construction’s 2nd largest (disclosed) transaction.
  • This is North American Construction’s 1st transaction in Canada.
  • This is North American Construction’s 1st transaction in Ontario.

M&A Deal Summary
Date 2018-10-03
Target Aecon Group - Contract Mining Business
Sector Metals/Mining
Buyer(s) North American Construction
Sellers(s) Aecon
Deal Type Divestiture
Deal Value 199M USD

Target

Aecon Group - Contract Mining Business

Toronto, Ontario, Canada
Aecon Group, Inc. - Contract Mining Business provides overburden removal and environmental reclamation services through a dedicated fleet of earth-moving equipment, primarily in the oil sands in Fort McMurray, Alberta.

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Buyer(S) 1

Buyer

North American Construction

Acheson, Alberta, Canada
Category Company
Founded 1953
Sector Construction
Employees206
Revenue 957M CAD (2023)
DESCRIPTION

North American Construction is a provider of heavy outsourced construction services to the major oil and gas companies investing in the oil sands projects. North American Energy Partners was founded in 1953 and is based in Acheson, Canada.

DEAL STATS #
Overall 1 of 3
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 2 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-09 DGI Trading

Kempsey, Australia

DGI Trading is a manufacturer of mining and construction equipment. DGI Trading is based in Kempsey, Australia.

Buy $24M

Seller(S) 1

SELLER

Aecon

Toronto, Ontario, Canada
Category Company
Founded 1877
Sector Construction
Employees8,684
Revenue 4.6B CAD (2023)
DESCRIPTION

Aecon is a construction and infrastructure development providing integrated turnkey services to private and public sector clients. Aecon was incorporated in 1877 and is based in Toronto, Canada.

DEAL STATS #
Overall 2 of 2
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 2 of 2
State (Ontario) 2 of 2
Country (Canada) 2 of 2
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-13 Innovative Steam Technologies

Cambridge, Ontario, Canada

Innovative Steam Technologies provides in the design, engineer, manufacture and installs proprietary heat recovery steam generators for power generation and enhanced oil recovery applications. Innovative Steam Technologies was founded in 1992 and is based in Cambridge, Ontario.

Sell $35M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-02 Xtreme

Port Huron, Michigan, United States

Xtreme is an electrical distribution utility contractor specializing in overhead distribution line repair, maintenance, and expansion services throughout the Eastern United States, and provides emergency restoration services for over 20 utility clients across the U.S. Xtreme is based in Port Huron, Michigan.

Buy $73M
Mergr

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