Contract services provider Macmahon Holdings Ltd. has signed an agreement to purchase TMM Group, a Brisbane-based group of companies that provide civil construction and operations and maintenance services to the Queensland coal mining industry, according to the company.

Macmahon said the acquisition of TMM will provide it with additional civil capability that is expected to be an enabler to core mining work through contracts for initial site earthworks and construction services, as well as the ability to target site rehabilitation projects.

TMM’s current revenue is $60 million per year, but Macmahon said it will seek to rapidly grow the business by pursuing opportunities across Australia. The transaction is subject to customary conditions, which are expected to be satisfied in the near future. The vendors of TMM Group will remain involved with the business for at least three years from completion of the transaction, Macmahon said.

Macmahon provides contract services to miners throughout Australia and in New Zealand, Southeast Asia and Africa.