Globenewswire | July 07, 2023
CIMIC Group company Sedgman has acquired Novopro Projects Inc., an engineering and metallurgy company based in Canada that provides engineering services and process equipment to projects in North America, Europe, Africa, Middle East and Australia.
Novopro’s core business and speciality is project development and operational optimization in minerals processing for lithium projects, as well as in potash, salt, magnesium and soda ash.
With this know-how in lithium processing technology, Sedgman gains access to opportunities in this expanding sector, as demand for batteries and electric vehicles increases.
Paired with Sedgman’s minerals processing expertise, project delivery capability and experience, this acquisition expands Sedgman’s service offering to clients from sustaining capital through to major greenfield development, while enhancing Sedgman’s growing North American presence and offering to clients.
Novopro will be re-named Sedgman Novopro and will operate as part of Sedgman in North America.
CIMIC Group Executive Chairman, Juan Santamaria, said: “As a specialist in developing, engineering, and managing projects in metallurgy, mining, and mineral processing, Sedgman Novopro will further diversify the services we provide to clients in North America, a key growth market for Sedgman, and to the rest of the world. I am pleased to welcome Sedgman Novopro to the CIMIC Group.”
Sedgman Managing Director, Grant Fraser, said: “We would like to warmly welcome the Novopro people to our team. Novopro has a long-standing reputation for working with operating facilities across the world and for design and mining expertise. The addition of Novopro to Sedgman will allow us to increase our offering to clients while complementing Sedgman’s existing capabilities. We are excited to work together on opportunities.”
Novopro Managing Director, Mazi Rejaee, said: “In Sedgman, we are pleased to find a strategic partner that complements our current services, expands our capability and offers new opportunities to our personnel and our clients.”
Sedgman is the leading provider of integrated minerals processing solutions. Our 250-strong portfolio of high-performing processing plants and supporting mine-site infrastructure showcases the value of our specialist focus. Since 1980, we’ve advanced the standard of excellence and innovation in design, delivery and operations for clients. Our Australian heritage has turned into a legacy of projects around the world. And we have expanded from our early days in coal to today, where our expertise includes base and precious metals, industrial minerals and iron ore.
About CIMIC Group
CIMIC Group is an engineering-led construction, mining, services and public private partnerships leader working across the lifecycle of assets, infrastructure and resources projects. CIMIC Group comprises our construction businesses CPB Contractors, Leighton Asia and Broad, our mining and mineral processing companies Thiess (joint control) and Sedgman, our services specialist UGL and our development and investment arm Pacific Partnerships – all supported by our in-house engineering consultancy EIC Activities. Our mission is to generate sustainable returns by delivering innovative and competitive solutions for clients and safe, fulfilling careers for our people. With a history since 1899, and around 25,500 people in around 20 countries, we strive to be known for our principles of Integrity, Accountability, Innovation and Delivery, underpinned by Safety.
Businesswire | August 17, 2023
Bowman Consulting Group Ltd. today announced that it has been awarded more than $1.7 million in two new engineering and survey contracts for separate mining projects in Southern Arizona.
Of the new contracts is a two-year master service agreement for a copper leach pad. As part of the assignment, Bowman is supplying engineering and survey services to support quantity verification. Leach pad development is crucial for copper extraction. Bowman has vast experience as an owner-representative in these projects, offering essential services like construction quality assurance (CQA), construction management, plant commissioning and terrestrial/mobile ALTA topographic survey.
The other contract is for engineering, survey, procurement, and engineer of record (EOR) services for a separate copper leach pad. As the sole source provider on this project, Bowman will deliver a range of essential services, including topographic survey, specifications, detailed drawings and geotechnical investigation complete with issued for construction (IFC) documents. The company is also providing bid assistance to streamline the procurement process.
“Bowman’s experience with leach pads grants us the knowledge and insight necessary to successfully navigate the complexities of these projects,” said Kent Lang, vice president of mining operations at Bowman. “Our in depth understanding of these environments enables us to deliver insightful strategic solutions to our clients. This has led to continuing increases in the number and size of mining projects that Bowman is being awarded.”
About Bowman Consulting Group Ltd.
Headquartered in Reston, Virginia, Bowman is an engineering services firm delivering infrastructure solutions to customers who own, develop, and maintain the built environment. With over 1,900 employees and more than 75 offices throughout the United States, Bowman provides a variety of planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement and other technical services to customers operating in a diverse set of regulated end markets. Bowman trades on the Nasdaq under the symbol BWMN. For more information, visit bowman.com or investors.bowman.com.
Globenewswire | July 27, 2023
North American Construction Group Ltd. (“NACG” or the “Company”) (TSX:NOA) today announced that it has entered into a definitive purchase and sale agreement to acquire (the “Transaction”) MacKellar Group (“MacKellar”) for an estimated $395 million (the “Consideration”). MacKellar Group, with its heavy construction equipment fleet, is an Australia-based provider of heavy earthworks solutions to the mining and civil sectors, with a strong reputation derived from decades of reliable performance. The Transaction will significantly expand NACG’s capability and allow the Company to serve a highly valuable and diversified base of customers globally.
The Transaction emerged through continued dialogue with MacKellar over the past two years, following NACG’s entry into Australia through the acquisition of DGI Trading Pty Limited in 2021. The acquisition of MacKellar is highly complementary to, and a natural strategic fit with, NACG given shared cultural alignment, focus on safety and operational similarities. MacKellar will continue to operate and execute on its growth strategy, while delivering on its commitment of service to all its customers and partners.
“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,” said Joe Lambert, Chief Executive Officer of NACG. “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.”
“Joining NACG offers a significant opportunity for both companies to share best practices and execute on our growth strategy. Our shared culture, highly skilled maintenance and operations teams, and now global operations will position us as a leader in heavy equipment fleet, allowing us to better serve customers across Australia,” said Duncan MacKellar, Chairman of MacKellar Group.
Combined Business with Significant Global Reach and Diversified Customer Base: MacKellar provides the opportunity to expand the Company’s geographic and operational presence in Australia, while adding a high-quality investment-grade customer base. The Transaction provides diversification with no single end market contributing more than approximately a third of adjusted EBIT.
Shared Core Values and Culture: MacKellar shares NACG’s values and is committed to hands-on management, continuous drive to be the low-cost provider, a focus on building strong partnerships with customers, and maintaining operating and safety excellence.
Turnkey Operations with Highly Valuable Asset Base: MacKellar Group adds approximately 450 mobile heavy equipment assets; 1,000 employees, including over 375 maintenance personnel; and 15 operating projects across a variety of service offerings including contract mining, civil earthworks, dry and maintained equipment rentals and component rebuilds. Its asset base is comprised of a well-maintained fleet operating at effective utilization levels.
Prudent Approach to the Transaction Minimizes Execution Risk: Continuous dialogue and in-person operational field reviews by both parties has allowed for the Company to ensure there is a strong cultural fit and alignment between the two organizations. This alignment is also reflected in the transaction structure with a significant portion of the consideration being deferred.
Robust Growth Prospects with Strong Backlog: Operations in Western Australia and Queensland serve as a growth pillar given the large and diverse resource markets combined with a mining friendly jurisdiction. The combined company is expected to have over $4.0 billion in contractual backlog by December 31, 2023 which will be the foundation to drive significant growth.
“The transaction represents a major milestone for NACG and adds significant scale to our business. Both NACG and MacKellar are leaders with strong reputation, culture and commitment to safety. This partnership will accelerate our combined growth and allow us to better serve our customers on a global scale,” said Martin Ferron, Chairman of the Board of NACG.
North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Canada, the U.S. and Australia. For 70 years, NACG has provided services to the mining, resource, and infrastructure construction markets.
About MacKellar Group
Established in 1966 based on humble family values MacKellar has earned an enviable reputation in the industry for performance and reliability. MacKellar specialize in heavy earthmoving equipment solutions and has a proud history of working on both mining and civil earthwork projects around Australia.