North American Construction Group (NOA) Acquires Iron Mine Contracting

The share price of North American Construction Group Ltd. (NYSE:NOA) surged by 2.02% between December 22 and December 29, 2025, putting it among the Energy Stocks that Gained the Most This Week.

North American Construction Group (NOA) Acquires Iron Mine Contracting

North American Construction Group Ltd. (NYSE:NOA) provides a wide range of mining and heavy construction services to customers in the resource development and industrial construction sectors, primarily within the Canadian oil sands.

North American Construction Group Ltd. (NYSE:NOA) received a boost on December 18 when the company announced that it had acquired Iron Mine Contracting (IMC), a Western Australian diversified mining services contractor. Valued at approximately C$115 million, the deal is aimed at bolstering NACG’s presence in the Australian mining services, increasing its incremental EPS by approximately 20% in 2026.

Joe Lambert, President and CEO of North American Construction Group Ltd. (NYSE:NOA), stated:

“IMC represents a natural and strategic extension of our business into the Western Australian market. The IMC team has built a high-quality business with strong margins sharing NACG’s core culture of operational and safety excellence. This acquisition provides a great foundation to fast track our Western Australia growth strategy which is considered a global powerhouse for base metals, precious metals and critical & rare earth minerals. Combined with the MacKellar Group, we are now an Australian Tier 1 contractor capable of executing complex scopes across the entirety of Australia. IMC is a well-run business in a great market presenting a clear opportunity for low-capital growth by leveraging our underutilized Canadian assets and our highly skilled in-house maintenance team experienced in major component and whole machine rebuilds.”

The share price of North American Construction Group Ltd. (NYSE:NOA) has fallen by almost 35% since the beginning of 2025.

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