Macmahon gets GBF

SPECIALIST underground contractor GBF Underground Mining Group has been bought by Macmahon Holdings for an upfront $48 million and two further potential earn-out payments.

Macmahon gets GBF Macmahon gets GBF Macmahon gets GBF Macmahon gets GBF Macmahon gets GBF

Macmahon is beefing up its underground arm with GBF.

The deal should boost Macmahon's underground mining scale and capability and bring it an experienced management team with strong client relationships.