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 Ltd. 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. 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., 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. has fallen by almost 35% since the beginning of 2025.
READ NEXT: 12 Best Crude Oil Stocks to Buy for Dividends and 11 Best Performing Energy Stocks in 2025.
