North American Construction completed the acquisition of MacKellar for $395m.

North American Construction, an independent heavy equipment and mining contractor, completed the acquisition of MacKellar, a provider of heavy earthworks solutions to the mining and civil sectors, for $395m. “NACG has built a strong relationship with MacKellar over the past two-plus years. Given the operational and cultural similarities that our companies share, this acquisition is a rare and attractive opportunity. Over the years, we have worked extremely hard to be part of the solution to help lower the operating costs of our customers through safe, efficient operation and maintenance of our equipment fleet. We are excited about partnering with MacKellar to serve our expanded customer base with the same innovations at a time when commodity producers are striving to maximize production and efficiency. I want to welcome the MacKellar team to the NACG family. We are extremely proud to be sharing in what we believe will be a bright future together," Joe Lambert, NACG CEO.