Published: July 16, 2021 |

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Major Drilling Group International has entered into an agreement to acquire all of the issued and outstanding shares of McKay Drilling, a leading specialty drilling contractor based in Perth, Australia for an amount up to A$80 million, or approximately C$75 million.

Founded in 1990, McKay is considered a leader in reverse circulation drilling and operates a state-of-the-art fleet of 15 high-capacity reverse circulation rigs and five deep-hole diamond rigs with the most advanced hands-free remote operation and monitoring technology. McKay’s fleet is at the very high end of specialized drilling equipment and includes support equipment and inventories necessary for its operation. The company is widely regarded as an innovator in the Australian mining industry and has long-standing relationships with Australia’s largest mining companies.

“We are very excited to welcome McKay and its employees into the Major Drilling group. McKay has a well-established brand in Australia, particularly among mining majors, that is built on decades of delivering innovation and high-quality service to its clients. This acquisition is a meaningful part of our growth strategy and provides us a strong foothold in an important growth market with high barriers to entry. In addition to a fleet of state-of-the-art rigs, we are acquiring a highly experienced team with local knowledge and long-standing relationships and existing contracts with leading blue chip mining companies,” said Denis Larocque, president and CEO of Major Drilling.

“McKay and Major Drilling have very similar cultural and operational values and approaches, along with a strong commitment to sustainable resource development, consistent with our global ESG framework. With McKay’s operational management team remaining in place, Major Drilling will be in a strong position to service customers in both reverse circulation and diamond drilling services in the very active Western Australian market,” added Larocque.

“Joining Major Drilling represents an exciting new chapter for our business. Since inception, McKay Drilling has set the standard in the Australian drilling industry. Denis and I agree that a company is only as good as the people working within it, and I’m proud of the fantastic team we have built. Major Drilling is a great fit for McKay in terms of capabilities, values, and culture, and I am looking forward to seeing our team grow to new heights together,” said Mark McKay, managing director and founder of McKay Drilling.

“I would like to thank all of our staff for their hard work and dedication in helping to grow our business to where it is today and our clients for their continued support. Major Drilling’s global expertise and financial strength will allow us to continue our progress in developing innovative solutions for our industry and remain a leader in the Australian market for decades to come,” added McKay.

About Major Drilling
Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone. The company maintains field operations and offices in Canada, the United States, Mexico, South America, Asia, and Africa. Major Drilling provides a complete suite of drilling services including surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive/longhole drilling, surface drill and blast, and a variety of mine services.

To stop by Major Drilling’s website, CLICK HERE

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