Business UpdateJul 8, 2026, 05:06 PM
North American Construction Group Subsidiary Wins $135M Contract
AI Summary
North American Construction Group Ltd. announced that its wholly owned subsidiary, ML Northern Services Ltd., secured a five-year heavy equipment services contract with a major Canadian oil sands customer. This contract, focused on mobile fuel services for mining equipment, is expected to add approximately $135 million to the Company's contractual backlog. It represents the largest award in ML Northern's history and the largest heavy equipment services contract for fuel services in NACG's history, validating its organic growth strategy.
Key Highlights
- ML Northern Services Ltd. awarded a five-year heavy equipment services contract.
- Contract expected to add approximately $135 million to NACG's contractual backlog.
- Contract commences September 30, 2026, reaching full capacity in late 2026 Q4.
- Requires approximately $5 million in growth capital for 25 on-highway units.
- Largest award in ML Northern's history and largest fuel services contract for NACG.
Price Impact
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