M&A Deal Summary

StraCon Acquires Ameco South America

On March 14, 2023, StraCon acquired business services company Ameco South America from Fluor

Acquisition Highlights
  • This is StraCon’s 1st transaction in the Business Services sector.
  • This is StraCon’s 1st transaction in Chile.

M&A Deal Summary
Date 2023-03-14
Target Ameco South America
Sector Business Services
Buyer(s) StraCon
Sellers(s) Fluor
Deal Type Divestiture

Target

Ameco South America

Las Condes, Chile
Ameco South America is an equipment rental business that manages a fleet of approximately 1,000 specialty assets that are used by mining sector clients. Its business is concentrated in Chile where it serves a portfolio of clients that include significant copper producers such as Antofagasta Minerals, BHP, Capstone Copper, Codelco, and Lumina Copper. Ameco South America is based in Las Condes, Chile.

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Buyer(S) 1

Buyer

StraCon

Fort Worth, Texas, United States
Category Company
Sector Metals/Mining
DESCRIPTION

StraCon is a mining services group that delivers innovative mine technologies and solutions to mining companies operating across the region including countries such as Canada, the United States, Mexico, Colombia, Ecuador, Peru, and Chile. The Company serves as a bridge between its mining clients and local communities to support the responsible production of minerals that are critical to the global supply chain and energy transition. It provides feasibility, planning and design, workforce training, infrastructure installation, mine construction, process plant installation, operations, and finally remediation and restoration for the conclusion of a mine’s life. Headquartered in Toronto, Canada, and Lima, Peru, StraCon Group’s operating companies include StraCon, Dumas and StraCon Technologies.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Chile) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

Fluor

Irving, Texas, United States
Category Company
Founded 1912
Sector Engineering
Employees30,187
Revenue 15.5B USD (2023)
DESCRIPTION
Fluor's campus in Greenville, South Carolina.
Fluor's campus in Greenville, South Carolina.

Fluor provides engineering, procurement, construction, maintenance (EPCM), and project management to governments and clients in diverse industries around the world. Fluor develops and implements solutions for complex project issues in diverse industries, including chemicals and petrochemicals, commercial and institutional (C&I), government services, life sciences, manufacturing, mining, oil and gas, power, renewable energy, telecommunications, and transportation infrastructure. Fluor was founded in 1912 and is based in Irving, Texas.

DEAL STATS #
Overall 5 of 6
Sector (Business Services) 1 of 1
Type (Divestiture) 3 of 4
Country (Chile) 1 of 1
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-08 NuScale Power

Portland, Oregon, United States

NuScale Power is a nuclear plant, a smaller, scalable version of pressurized water reactor technology, designed with natural safety features. NuScale Power was founded in 2007 and is based in Portland, Oregon.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-07 Fluor - Stork European Business

Germany

Fluor - Stork European Business delivers engineering procurement and construction. Fluor - Stork European Business is based in Germay.

Sell -
Mergr

Product

Company

Legal