North American Construction Group closes MacKellar Group acquisition
By Adam FreillBridges Construction Infrastructure Roads
Canadian based provider of heavy civil construction and mining services expands its global footprint with addition of Australian business.
North American Construction Group Ltd. has wrapped up its purchase of MacKellar Group, a company with a strong history of heavy earthmoving equipment solutions for mining and civil earthwork projects around Australia.
Concurrent with closing of the $395 million transaction, the company entered into an amended and restated senior revolving credit facility with an upsized overall lending capacity of $430 million provided by Canadian dollar and Australian dollar tranches.
As part of the closing, Barry Palmer assumes the role of regional president, Australia, on a transitional basis while continuing in his executive role with the company as chief operating officer. He will lead the MacKellar integration and be supported by an NACG operational and finance transition team based in Australia.
North American Construction Group Ltd. has 70 years of experience as a provider of heavy civil construction and mining services in Canada, the U.S. and Australia.