Stracon Group, a leading mining services group focused on North and South America is currently expanding its geographic reach and service offerings into Chile, the world’s top copper producer, through the acquisition of AMECO South America from Fluor Corp.
Ameco is an equipment rental business that manages a fleet of approximately 1,000 specialty assets that are used by mining sector clients. Ameco’s business is concentrated in Chile where it serves a portfolio of clients that include significant copper producers such as Antofagasta Minerals, BHP, Capstone Copper, Codelco and Lumina Copper. The client relationships developed by Ameco over its 29-year history represent a significant platform from which Stracon can expand its presence in Chile.
“The Ameco acquisition will add both scope and scale to Stracon’s operations, increase revenues by approximately 25%, and add new service lines and geographies,” said Steve Dixon, CEO, Stracon Group. “It will not only strengthen our ability to bid on major projects in the region, but also further diversify our revenue streams. We are abundantly aware of the importance of Ameco’s leadership team and the continued commitment of its employees.”