Thomson Geer advises Iron Mine Contracting on C$115 million sale to North American Construction Group

Thomson Geer is pleased to be advising Iron Mine Contracting group (IMC), a leading Western Australian mining and construction services contractor, on its acquisition by NYSE and TSX-listed North American Construction Group (NACG) for approximately C$115 million. The acquisition is subject to customary regulatory approvals.

Thomson Geer provided comprehensive advice to IMC on the terms of the sale and deal logistics. By front-ending negotiations to secure agreements on key issues before moving onto detailed negotiations, the team negotiated the key sale agreement in a very tight timeframe. The firm also advised on competition issues, warranty and indemnity insurance, employment and tax matters, and supported the IMC team on targeted vendor due diligence.

The transaction will enable NACG to expand its footprint in Australia and will provide IMC with a platform to scale operations over the coming years, aligning with the group's growth momentum.

The deal team was led by Partner Hedley Roost, who said: "We’re pleased to have supported IMC through such a strategically important and time-sensitive process. By aligning our client's commercial priorities with clear documentation, we were able to create a positive outcome for everyone involved and a clear path to completion."

The team included Special Counsel Catie Raymond and Associate Hugo Chapman from the Corporate team, supported by Tax Partner Cameron Forbes, Partners Bridget Nunn and Senior Associate Megan Bowman from the Employment team, Regulatory Partner George Lukic and Banking and Finance Partner Andrew Kedzior.

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