The deal will see Anderson operate under the ResCo Services banner and receive a significant stake in the company.
The new entity will have a combined workforce of 1000 throughout New South Wales and Queensland.
“Not a single job will be lost as a result of the merger and, instead, staff will benefit from the increased opportunities that come with working with one of the biggest privately owned mining support companies in New South Wales and Queensland," ResCo managing director Craig Ransley said.
Anderson will join six other mining support companies already operating under Newcastle-based ResCo.
ResCo operations are evenly split between underground and opencut operations covering design, maintenance and repair of underground equipment, general engineering, the project management and execution of mining operations, and the provision of intellectual systems to the mining industry.
Already in the past seven months ResCo has purchased five other companies and has executed agreements, set to be completed by June this year, with five others.
The Anderson Group provides design, manufacture, maintenance and repair of underground machinery, supply of spare parts, general engineering and the provision of underground mining services.
Anderson Group managing director Darren Anderson will join ResCo's board.