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# Major Drilling Expands with A$70 Million Acquisition of Bunbury Drilling
- URL: https://www.industrialbriefs.com/major-drilling-acquires-bunbury-drilling/
- Published: 2026-11-11T06:00:45.000Z
- Updated: 2026-11-11T06:00:45.000Z
- Description: Major Drilling's acquisition of Bunbury Drilling for up to A$70 million expands its specialized services in mine dewatering, enhancing its market reach in Australia.
- Author: IndustrialBriefs
- Tags: policy, engineering, construction

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Major Drilling Group International has announced the acquisition of Bunbury Drilling Company, a move that could reshape its service offerings and market reach in the mining industry. This strategic purchase, valued at up to A$70 million, underscores Major Drilling's commitment to strengthening its foothold in the Australian mining sector and enhancing its specialized services.

**What Happened**  
Major Drilling, a leading provider of specialized drilling services, has acquired Bunbury Drilling Company, a Western Australian contractor with over 70 years of experience in mine dewatering. The transaction is structured with an upfront payment of A$50 million, supplemented by a potential earnout of A$20 million contingent on Bunbury's financial performance over three years. This acquisition is expected to immediately bolster Major Drilling's earnings per share. Bunbury's operations, which include eight specialized rigs, cater to major mining producers in Western Australia and generated approximately A$43 million in revenue with A$15 million in adjusted EBITDA for the 12 months ending June 30, 2026.

**What This Means for Your Business**  
For companies in the AECM sector, this acquisition highlights the growing importance of specialized services like mine dewatering, which offers higher margins due to its technical complexity. Major Drilling's expansion into this niche market could signal a trend towards more focused service offerings and partnerships in the mining sector. The deal, funded through available cash and existing debt facilities, indicates a robust financial strategy that other firms might consider emulating to enhance their competitive positioning. Additionally, the retention of Bunbury's management team ensures operational continuity and expertise, facilitating a smoother integration process.

**What US Operators Should Watch**  
US-based operators should closely monitor this acquisition as it provides insights into potential market expansion strategies and service diversification opportunities. The emphasis on specialized services like mine dewatering may influence procurement strategies and contract negotiations, particularly for companies looking to expand their service portfolios. Additionally, keeping an eye on Major Drilling’s financial performance post-acquisition could offer valuable lessons in maximizing ROI from acquisitions.

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*Source:* [*https://pulse2.com/major-drilling-acquires-bunbury-drilling-for-up-to-a70-million-to-expand-australian-mining-services/*](https://pulse2.com/major-drilling-acquires-bunbury-drilling-for-up-to-a70-million-to-expand-australian-mining-services/?ref=industrialbriefs.com)