Thomson Geer acted for the shareholders of leading Western Australian mining and construction services contractor, Iron Mine Contracting Group (IMC) target companies on the sale of their shares to Canadian-based North American Construction Group (NACG) for C$115 million. North American Construction Group provides a range of mining and heavy construction services to customers in the resource development and industrial construction sectors, primarily within the Canadian oil sands.
TG advised on the terms of the sale agreement and logistics of the deal, ACCC issues, W&I insurance terms, employment agreements, tax matters and share option arrangements. We also assisted the IMC team with due diligence matters where required. The sale will give the business access to the NACG's capital flow and the opportunity to expand over the coming years.
The TG Team was led by Partner Hedley Roost, with support from Special Counsel Catie Raymond, Senior Associate Megan Bowman, Associate Hugo Chapman, and Partners Cameron Forbes (Tax), Bridget Nunn (Employment), George Lukic (Regulatory), and Andrew Kedzior (Banking & Finance).