North American Construction Group

North American Construction Group

Provides mining and heavy construction services

Overview

North American Construction Group provides mining and heavy construction services for resource development and industrial projects, with a focus on Canadian oil sands. It offers construction and operations support for both mining and in situ oil sands projects and deploys a large fleet of equipment. Projects are carried out by qualified staff to meet safety and efficiency standards. Compared with competitors, the company combines decades of experience (over 60 years) with one of the oil sands’ largest equipment fleets and integrated services—from construction to ongoing operations—allowing it to manage complex site work and fleet needs with strong safety performance. Its goal is to help clients develop resource projects by delivering reliable, well-supported construction and operations services that keep projects on schedule and within safety and cost expectations.

About North American Construction Group

Simplify's Rating
Why North American Construction Group is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Edmonton, Canada

Founded

1953

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Simplify's Take

What believers are saying

  • Q2 2026 revenue rose 23% to C$456.1 million, with EBITDA up 17%.
  • July 8, 2026 oil sands contract and April expansion added substantial backlog.
  • Brad Rogers starts December 1, 2026, bringing mining-services and capital-allocation experience.

What critics are saying

  • S&P kept NACG at BB- with negative outlook on May 15, 2026.
  • Net debt hit C$1.09 billion in Q2 2026 after IMC acquisition.
  • Canada oil sands weakness and Australia margin pressure threaten earnings before 2027.

What makes North American Construction Group unique

  • NACG combines Australian mining services, Canadian oil sands, and U.S. heavy civil exposure.
  • MacKellar and Iron Mine Contracting create a Tier 1 Australian contractor platform.
  • Long-term, backlog-backed contracts convert fleet ownership into recurring, visible revenue.

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Funding

Total Funding

$988.3M

Above

Industry Average

Funded Over

4 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Tuition Reimbursement

Professional Development Budget

Paid Vacation

Company Social Events

Stock Price

Company News

GlobeNewswire
Sep 10th, 2026
North American Construction Group announces the appointment of Brad Rogers as President, Chief Executive Officer and director.

North American Construction Group announces the appointment of Brad Rogers as President, Chief Executive Officer and director. ACHESON, Alberta, Sept. 10, 2026 (GLOBE NEWSWIRE) - North American Construction Group Ltd. ("NACG" or "the Company") (TSX:NOA.TO/NYSE:NOA) today announced the appointment of Brad Rogers as the Company's President and Chief Executive Officer effective December 1, 2026. Mr. Rogers will also join the Company's board of directors as of the same date. This appointment completes a global search process that took place over several months and involved a rigorous assessment of several highly qualified internal and external candidates, with the invaluable support of a leading executive recruitment firm. Martin Ferron, Chair of the Board, commented, "Brad is an outstanding executive with extensive experience in the global mining industry on both the owner's side and contractor's side, including experience in both the commercial and contractual aspects of complex infrastructure projects and with broad geographical experience in Australia, Asia, South Africa and the Americas. Brad has demonstrated over his many years as a senior executive, including as the CEO of a major Australian private company and an Australian publicly listed company, that he has the necessary leadership and strategic skills required to develop and clearly communicate growth strategies in an asset intensive business. I am confident that he will build strong relationships with our employees, customers, suppliers and investors. We are extremely pleased to have Brad take the helm at NACG and steer us into the most opportunity-rich period I have witnessed in my near-50-year career." Mr. Rogers stated, "I am delighted to join NACG at such an exciting time in the Company's long and proud history. NACG is well positioned, with leading capabilities and significant opportunities across its markets. I am looking forward to working with the talented team at NACG to sustain and valuably grow our business in the coming years." Martin Ferron added "On behalf of the Board, I would like to especially thank Barry Palmer for his fantastic efforts as CEO during the search process for his successor. With Barry's leadership we knew we had the time to conduct an exhaustive search for the right person and that he would leave behind a solid operating base for the new CEO to build upon." About Brad Rogers Brad Rogers is an executive with more than 30 years' experience across mining, mining services, industrial services, engineering, infrastructure development and corporate finance. His career combines operational leadership with deep expertise in corporate strategy, mergers and acquisitions, capital allocation, business development, investor relations and organizational transformation. Since August 2022 he has served as Chief Executive Officer and Managing Director of Jupiter Mines, an ASX-listed mining company and the world's largest listed pure-play manganese producer through its 49.9% interest in the Tshipi manganese mine in South Africa. Before Jupiter he served as Chief Executive Officer and Managing Director of Bis Industries Limited, a leading provider of production services to the mining and industrial sectors across Australia and Indonesia. He originally joined Bis in 2008 as General Manager of Commercial, subsequently assuming more senior roles of Director of Corporate Development and Chief Financial Officer before being appointed CEO and Managing director in 2015. Mr. Rogers is a Chartered Accountant and holds a Bachelor of Commerce degree from Curtin University, Western Australia and a Post Graduate Diploma in Applied Finance from the Securities Institute of Australia. About the Company North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S. For over 70 years, NACG has provided services to the mining, resource and infrastructure construction markets. For further information contact: Jason Veenstra, CPA, CA Chief Financial Officer North American Construction Group Ltd. (780) 960-7171 [email protected] www.nacg.ca

Financial Post
Sep 10th, 2026
North American Construction Group announces the appointment of Brad Rogers as President, Chief Executive Officer and director.

North American Construction Group announces the appointment of Brad Rogers as President, Chief Executive Officer and director. GlobeNewswire Published Sep 10, 2026 ACHESON, Alberta, Sept. 10, 2026 (GLOBE NEWSWIRE) - North American Construction Group Ltd. ("NACG" or "the Company") (TSX:NOA.TO/NYSE:NOA) today announced the appointment of Brad Rogers as the Company's President and Chief Executive Officer effective December 1, 2026. Mr. Rogers will also join the Company's board of directors as of the same date. This appointment completes a global search process that took place over several months and involved a rigorous assessment of several highly qualified internal and external candidates, with the invaluable support of a leading executive recruitment firm. Martin Ferron, Chair of the Board, commented, "Brad is an outstanding executive with extensive experience in the global mining industry on both the owner's side and contractor's side, including experience in both the commercial and contractual aspects of complex infrastructure projects and with broad geographical experience in Australia, Asia, South Africa and the Americas. Brad has demonstrated over his many years as a senior executive, including as the CEO of a major Australian private company and an Australian publicly listed company, that he has the necessary leadership and strategic skills required to develop and clearly communicate growth strategies in an asset intensive business. I am confident that he will build strong relationships with our employees, customers, suppliers and investors. We are extremely pleased to have Brad take the helm at NACG and steer us into the most opportunity-rich period I have witnessed in my near-50-year career." Top Stories Interested in more newsletters? Browse here. Mr. Rogers stated, "I am delighted to join NACG at such an exciting time in the Company's long and proud history. NACG is well positioned, with leading capabilities and significant opportunities across its markets. I am looking forward to working with the talented team at NACG to sustain and valuably grow our business in the coming years." Martin Ferron added "On behalf of the Board, I would like to especially thank Barry Palmer for his fantastic efforts as CEO during the search process for his successor. With Barry's leadership we knew we had the time to conduct an exhaustive search for the right person and that he would leave behind a solid operating base for the new CEO to build upon." About Brad Rogers Brad Rogers is an executive with more than 30 years' experience across mining, mining services, industrial services, engineering, infrastructure development and corporate finance. His career combines operational leadership with deep expertise in corporate strategy, mergers and acquisitions, capital allocation, business development, investor relations and organizational transformation. Since August 2022 he has served as Chief Executive Officer and Managing Director of Jupiter Mines, an ASX-listed mining company and the world's largest listed pure-play manganese producer through its 49.9% interest in the Tshipi manganese mine in South Africa. Before Jupiter he served as Chief Executive Officer and Managing Director of Bis Industries Limited, a leading provider of production services to the mining and industrial sectors across Australia and Indonesia. He originally joined Bis in 2008 as General Manager of Commercial, subsequently assuming more senior roles of Director of Corporate Development and Chief Financial Officer before being appointed CEO and Managing director in 2015. Mr. Rogers is a Chartered Accountant and holds a Bachelor of Commerce degree from Curtin University, Western Australia and a Post Graduate Diploma in Applied Finance from the Securities Institute of Australia. About the Company North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S. For over 70 years, NACG has provided services to the mining, resource and infrastructure construction markets. For further information contact: Jason Veenstra, CPA, CA Chief Financial Officer North American Construction Group Ltd. (780) 960-7171 [email protected] www.nacg.ca This advertisement has not loaded yet.

GlobeNewswire
Apr 21st, 2026
North American Construction Group expands key contract in Queensland Australia.

North American Construction Group expands key contract in Queensland Australia. Increases revenue visibility and contractual backlog by $125 million. ACHESON, Alberta, April 21, 2026 (GLOBE NEWSWIRE) - North American Construction Group Ltd. ("NACG" or "the Company") (TSX:NOA.TO/NYSE:NOA), a premier global provider of heavy civil construction and mining services, today announced that its wholly owned subsidiary MacKellar Group ("MacKellar") has amended and expanded an existing five-year contract with a leading metallurgical coal producer in the state of Queensland, Australia. The previous contract, announced in August 2024, had transitioned equipment under contract from dry rental to fully maintained fleets and awarded the construction of an on-site maintenance facility. The amended and expanded five-year contract maintains the expiry date of September 30, 2029 and continues to qualify as contractual backlog based on minimum hour commitments in the agreement. The expanded scope, which includes additional fully maintained equipment and related services, is expected to generate approximately $125 million of incremental revenue and increases MacKellar's scope at that mine site by approximately 50%. The expanded contract is consistent with the financial outlook previously contemplated in the Company's full year 2026 guidance. The expanded scope is set to commence May 1, 2026 and reach full run rate by August 2026. Of the thirteen additional units supporting this growth, eight Komatsu 240-ton haul trucks were already purchased in December 2025 and publicly announced as part of the Company's fleet optimization initiatives, reflecting NACG's early positioning for this expected customer demand. The remaining five units are expected to be acquired as growth capital during the second and third quarters of 2026 at an estimated cost of approximately $25 million. "This contract expansion reflects the confidence our customer continues to place in our team and MacKellar's strong operating performance," said Barry Palmer, Chief Executive Officer of NACG. "It adds meaningful revenue visibility and contractual backlog, while also highlighting the disciplined way we deploy capital against identifiable demand. With MacKellar and Iron Mine Contracting, we continue to strengthen our Tier 1 contractor platform in Australia and enhance our ability to capture additional opportunities across the region." About the MacKellar Group Operating since 1966, and as a wholly owned subsidiary of NACG since 2023, MacKellar has an enviable reputation in Australia for performance and reliability. MacKellar and the recently acquired Iron Mine Contracting have established a Tier 1 contractor platform to serve Australian mining customers country wide. About the Company North American Construction Group Ltd. is a premier provider of heavy civil construction and mining services in Australia, Canada, and the U.S. For over 70 years, NACG has provided services to the mining, resource and infrastructure construction markets. For further information contact: Jason Veenstra, CPA, CA Chief Financial Officer North American Construction Group Ltd. (780) 960-7171 [email protected] www.nacg.ca Forward-Looking Information The information provided in this release contains forward-looking statements. Forward-looking statements include statements preceded by, followed by or that include the words "anticipate", "believe", "estimate", "expect", "intend", "plan," "potential", "should", "target", "will", "may" or the negative of those terms or other variations of them or comparable terminology. Forward-looking information in this includes, but is not limited to, statements with respect to: the expected proforma contractual backlog; sustaining capital on a combined company basis; free cash flow on a combined company basis; and expected growth in NACG's exposure to rare earth and critical minerals and its recognition as a Tier 1 contractor in Australia; the anticipated financial performance for the full year 2026, including projections for combined revenue, adjusted EBITDA, adjusted earnings per share, sustaining capital spending, free cash flow, and growth capital spending. The material factors or assumptions used to develop the above forward-looking statements and the risks and uncertainties to which such forward-looking statements are subject, are highlighted in the Management Discussion and Analysis for the three months and year ended December 31, 2025 ("MD&A"). There can be no assurance that the forward-looking information will prove to be accurate. Actual results could differ materially from those contemplated by the forward-looking information including: general market performance including capital market conditions and availability and cost of credit; foreign currency and exchange risk; performance of the market sectors that the Company serves; impact of factors such as increased pricing pressure and possible margin compression; the regulatory and tax environment; the ability of the Company to execute its financing plans; risks relating to legal proceedings to which the Company is or may become a party; and other risks detailed from time to time in the Company's filings with the Canadian securities regulators. Actual results could differ materially from those contemplated by such forward-looking statements because of any number of factors and uncertainties, many of which are beyond NACG's control. Undue reliance should not be placed upon forward-looking statements and NACG undertakes no obligation, other than those required by applicable law, to update or revise those statements. For more complete information about NACG, please read our disclosure documents filed with the SEC and the CSA. These free documents can be obtained by visiting EDGAR on the SEC website at www.sec.gov or on the CSA website at www.sedarplus.com.

MinterEllison
Dec 22nd, 2025
MinterEllison advises North American Construction Group on acquisition of Iron Mine Contracting | MinterEllison

MinterEllison has advised NACG on its acquisition of Iron Mine Contracting for approximately CA$115 million

North American Construction Group
Oct 9th, 2025
North American Construction Group

ACHESON, Alberta, Oct. 07, 2025 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. (“NACG”) (TSX: NOA / NYSE: NOA) announced today that it has entered into an underwriting agreement with a syndicate of underwriters to sell, pursuant to a private placement offering (the “Offering”), an additional $125 million aggregate principal amount of its 7.75% senior unsecured notes due May 1, 2030 (the “Notes”), representing an additional issuance to the $225 million aggregate principal amount of 7.75% senior unsecured notes issued on May 1, 2025 (the “Initial Notes”). The Offering is being led by National Bank Capital Markets, including its U.S. affiliates, ATB Securities Inc., Scotia Capital Inc., TD Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., Canaccord Genuity Corp., and Raymond James Ltd. Following the closing of the Offering, there is expected to be $350 million aggregate principal amount of Initial Notes and Notes outstanding.

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