North American Construction Group Announces Ultra-Class Fleet Acquisition
December 18 2018 - 4:05PM
North American Construction Group Ltd. (“NACG” or “the Company”)
(TSX:NOA.TO/NYSE:NOA) today announced the acquisition of thirty-one
used ultra-class haul trucks under a long-term purchase arrangement
with an existing oil sands client. This is the initial
offering made under a recent contract amendment that provides NACG
with the right of first refusal to purchase assets the client
retires. The transaction includes the purchase of sixteen
380-ton capacity haul trucks, a first for NACG and a size for which
the new Acheson maintenance facility was purposefully designed.
“We are very excited to have visibility and
access to quality operating trucks that have been well-maintained
by experienced asset managers,” said Joe Lambert, President and
Chief Operating Officer. “These trucks provide both a
near-term opportunity to service growing customer demand for
overburden removal and a long-term opportunity to utilize our
second-life rebuild expertise in our new maintenance facility.
This fleet acquisition maintains our customer commitment to
low-cost operations while developing retail products for customers
seeking alternatives to new asset purchases.”
About the Company
North American Construction Group Ltd.
(www.nacg.ca) is a premier provider of heavy construction and
mining services in Canada. For more than 60 years, NACG has
provided services to large oil, natural gas and resource
companies.
For further information, please contact:
David Brunetta, CPA, CMA Director, Investor RelationsNorth
American Construction Group Ltd. Phone: (780) 969-5574 Email:
dbrunetta@nacg.ca
PDF
available: http://resource.globenewswire.com/Resource/Download/7aad39ba-f87c-4554-8d41-13f0a69d013d
North American Construct... (NYSE:NOA)
Historical Stock Chart
From May 2024 to Jun 2024
North American Construct... (NYSE:NOA)
Historical Stock Chart
From Jun 2023 to Jun 2024