# Macmahon acquires Emeco's Pit N Portal underground business

Macmahon completed the acquisition of Pit N Portal, the underground business of Emeco, for about $10 million. The deal includes operations at Wyloo's Durkin and Cassini projects, customer contracts, employees, and non-mining fleet assets. Emeco and Macmahon also entered a five-year preferred equipment rental agreement.

- Type: Acquisition
- Announced: 2024-02-05
- Where: Australia
- Value: $6.50M (10.0M AUD)
- Status: completed
- Products: underground mining equipment, surface mining equipment
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Emeco](https://endata.com/companies/20808.md) (target)
- [Macmahon Holdings](https://endata.com/companies/22329.md) (acquirer)
- [Pit N Portal](https://endata.com/companies/44837.md) (target)

## Sources

- [australianminingreview.com.au](https://australianminingreview.com.au/news/macmahon-acquires-emecos-pit-n-portal/), 2024-02-05: "Macmahon has completed the acquisition of Pit N Portal, the underground business of Emeco as well as related site infrastructure assets, inventory and light vehicles."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.