North American Construction Group Inc. purchases Aecon Group Inc.’s Contract Mining Business for $199 million

December 5, 2018

On November 23, 2018, North American Construction Group Inc. (“NACG”) (TSX: NOA/NYSE: NOA) closed its definitive asset purchase agreement to purchase all of the assets related to Aecon Group Inc.’s (“Aecon”) (TSX: ARE) contract mining business for $199.1 million in cash.

NACG is the premier provider of heavy construction and mining services in Canada. With over 60 years of experience, NACG maintains one of the largest independently owned equipment fleets in the region, and features some of the largest equipment currently available.

Miller Thomson advised NACG with respect to this transaction with a team led by Kevin Trumpour (Corporate/M&A) and including Eric Dufour (Competition/Antitrust), Emily McClintock (Corporate/M&A), Robyn Burns (Competition/Antitrust) and Brendon Ho (Tax).