North American Construction acquires Iron Mine Contracting for $115M

North American Construction (NOA) “announced that it has entered into a definitive share purchase agreement to acquire Iron Mine Contracting, a privately owned Western Australian diversified mining services contractor. The acquisition is valued at approximately $115 million. Concurrent with this announcement, the Company is providing a year-end update on its infrastructure and fleet optimization initiatives, along with its 2026 financial outlook. The total estimated consideration of $115 million represents 2.5x of expected EBITDA in 2026, calculated prior to any realized synergies. The acquisition is expected to be significantly accretive, increasing NACG’s incremental earnings per share by approximately 20% in 2026. The Transaction will be fully funded by senior-secured bank financing (65% of the purchase price) and vendor-provided debt financing.”