M&A Deal Summary

The Washington Companies Acquires Dominion Diamond

On July 17, 2017, The Washington Companies acquired metals/mining company Dominion Diamond for 1.2B USD

Acquisition Highlights
  • This is The Washington Companies’ 1st transaction in the Metals/Mining sector.
  • This is The Washington Companies’ largest (disclosed) transaction.
  • This is The Washington Companies’ 1st transaction in Canada.
  • This is The Washington Companies’ 1st transaction in Northwest Territory.

M&A Deal Summary

Date 2017-07-17
Target Dominion Diamond
Sector Metals/Mining
Buyer(s) The Washington Companies
Deal Type Add-on Acquisition
Deal Value 1.2B USD
Advisor(s) TD Securities
Kingsdale Advisors (Financial)
Stikeman Elliott (Legal)

Target

Dominion Diamond

Yellowknife, Northwest Territory, Canada
Dominion Diamond Corp. is a canadian diamond mining company with ownership interests in two major producing diamond mines situated approximately 200 kilometers south of the Arctic Circle in Canada’s Northwest Territories. The Company operates the Ekati Diamond Mine (in which it owns a controlling interest), and also owns 40% of the Diavik Diamond Mine. It supplies rough diamonds to the global market through its sorting and selling operations in Canada, Belgium and India and is Canada’s largest independent diamond producer.

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Buyer(S) 1

Buyer

The Washington Companies

Missoula, Montana, United States

Category Company
Sector Diversified
DESCRIPTION

The Washington Companies is a privately held companies active in the core industries of mining, rail and marine transportation, aviation, environmental remediation and restoration services, and heavy equipment sales and service.


DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Northwest Territory) 1 of 1
Country (Canada) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1