GR Engineering Services has entered into an agreement to acquire Hanlon Engineering & Associates Inc as it looks to grow its existing footprint within the Americas.
Hanlon, based in Arizona, USA, is a multi-disciplinary engineering services firm that provides engineering, procurement and construction management services to the mining sector in North America. It was established in 1999 and employs around 40 people. Hanlon also has a satellite office in Elko, Nevada.
Among the list of mining companies Hanlon has carried out work for is Agnico Eagle Mines, Barrick Gold, BHP, Freeport McMoRan Hecla Mining and Newmont.
GR Engineering’s Managing Director, Geoff Jones, said the acquisition of Hanlon was aligned with GR Engineering’s growth strategy.
“We are pleased to be acquiring the Hanlon business,” Jones said. “Hanlon has a strong local brand with an excellent safety record and longstanding relationships with major mining clients. Hanlon has an experienced management team capable of taking advantage of the numerous growth opportunities that exist in the Americas.”
Based on Hanlon’s current workflow, identified growth prospects and GR Engineering’s existing pipeline of work in the Americas, GR Engineering anticipates the business will immediately contribute to GR Engineering’s revenue and become earnings per share accretive for the company in the financial year ending 30 June 2021.
The acquisition remains subject to the satisfaction of several conditions precedent customary for an agreement of this nature. It is anticipated that the acquisition will be completed by the end of February.