North American Construction Group Ltd. 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."