North American Construction Group looks to expand its Australian presence with the acquisition
Thomson Geer and MinterEllison have assisted in the sale of Iron Mine Contracting (IMC) group to NYSE and TSX lister North American Construction Group (NACG) for about CA$115m.
With the acquisition, NACG looks to expand its presence in WA and increase exposure to critical minerals and rare earth elements. The deal provides a platform through which IMC can scale operations in the next few years, in combination with the MacKellar Group.
The acquisition’s completion is is set for the first quarter of the year, pending customary regulatory approvals.
Thomson Geer advised IMC on the sale terms and deal logistics. The firm said it front-ended negotiations to secure agreements on key issues before moving onto detailed negotiations.
The team also guided IMC on competition issues, warranty and indemnity insurance, employment and tax matters while providing targeted vendor due diligence support to the IMC team. Partner Hedley Roost took the lead, working alongside special counsel Catie Raymond and associate Hugo Chapman (corporate).
The Thomson Geer deal team received support from tax partner Cameron Forbes; partner Bridget Nunn and senior associate Megan Bowman (employment); regulatory partner George Lukic; and banking and finance partner Andrew Kedzior.
MinterEllison helped NACG with the Australian legal aspects of the transaction. M&A and capital markets partners Daniel Scotti and Nicole Sloggett took point on the deal.
Fasken Martineau DuMoulin LLP was the Canadian legal advisor to NACG.
