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National Precision Drilling And Controlled Blasting Contractor For Sale

Ontario, Canada
Asking Price:
On request Furniture / Fixtures included
Sales Revenue:
$45,000,000 (CAD)
Cash Flow:
$5,000,000 (CAD)

A rare opportunity to acquire a national specialist in precision rock drilling and controlled blasting, serving mine operators, aggregate producers, general contractors and federal clients across Canada for more than 25 years.

The Company is called in when the work is technically difficult, the site is sensitive, or an incumbent contractor has failed. The owner is a licensed Professional Engineer who designs and signs blast plans in-house, a credential required on federal and sensitive sites. Work comes from contractor referrals and repeat clients, with no sales team and no outbound selling.

Key highlights:

  • Record FY2026: revenue estimated at $45.0M ($40.4M invoiced in the first eleven months) and EBITDA estimated at $5.0M
  • 92% of the FY2026 pipeline already won
  • Largest mining client under a 36month master service agreement to December 2028
  • Diversified end markets: mining, infrastructure and civil, and quarry and aggregate
  • 40unit drill fleet led by 21 modern Sandvik units, with net equipment of about $5.6M
  • Exclusive regional market position from a 2024 tuckin acquisition, with longlife quarry clients
  • About 100 to 120 unionized field and office staff on flyin, flyout rotations that mobilize nationally within days
  • Paperless operations with inhouse scheduling, explosives inventory and safety systems
  • WSIB rate below the industry average and COR certified

Growth: Several large mine, wind energy and quarry opportunities are awaiting award, including a multi-year northern mine program valued in the hundreds of millions. None are in the base case. A buyer can also add the sales and estimating function the business has grown without.

Transition: The owner is not leaving because the business is struggling. An estimator and accounting manager joined in 2026, a project manager is onboarding and a long-tenured general manager runs the field. The owner is open to a structured handover followed by an advisory or board role.

Transaction: Price is market determined. Cash at close preferred; vendor take-back open. Real estate is not included. A Confidential Information Memorandum is available to qualified buyers after signing an NDA. Please do not contact the Company, its employees, customers or suppliers directly.

Property Information

Real Estate:

Lease

Location:

Ontario-based, with crews and equipment deployed to client sites across Canada. Work spans mine sites, quarries, urban infrastructure and remote and northern projects, served through fly-in, fly-out rotations and a national equipment logistics network.

Premises Details:

Leased head office of 3,000 to 4,000 sq ft (fit-out completed 2026) and a nearby equipment staging yard. Real estate is not included in the sale.

Size in square feet:
3,500

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Several large opportunities are awaiting award or final investment decision: a multi-year northern mine development program valued in the hundreds of millions, a western wind energy project and mine and dock expansions with an existing quarry client. None are in the base case; the owner proposes to share in them only if awarded, not through an earn-out. Organic levers include building a sales and estimating function (there is no sales team today), adding one or two regional contractors without matching overhead, and scaling the existing fly-in, fly-out model and digital systems to a larger fleet.

Competition / Market:

The Company competes where credentials and relationships create barriers: an owner-held P.Eng for engineered blast design, custom equipment for constrained sites, an exclusive regional market position and a record of stepping in when incumbents fail. It prices on technical complexity and delivery risk, not market rate. The main national competitors are Western-focused with limited presence in the Company's core eastern markets, while regional operators compete mostly on price. A national shortage of skilled drillers and blasters and long lead times on new drills are barriers to new entrants.

Reasons for selling:

The owner has built what he set out to build and is ready for a new challenge. He wants to hand the business to an owner with the capital to pursue its largest opportunities.

Trading hours:

Year-round operations on project schedules; field crews on two-week fly-in, fly-out rotations. Some quarry work is seasonal, about nine months a year.

Employees:
100
Years established:
25

Other Information

Support & training:

The owner is open to a structured handover followed by an advisory or board role. Estimating and finance are already delegated: an estimator joined in March 2026 and an accounting manager is in place. A project manager is onboarding, and a long-tenured general manager runs day-to-day field operations, scheduling and crews. The owner will make formal introductions to key client relationships, and a licensed engineer of record will be in place before his exit.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Cash at close preferred; vendor take-back open. Owner open to sharing in large awarded projects through a revenue share or award bonus, not an earn-out.

Furniture / Fixtures value:
$5,570,000 (CAD) - included in the asking price
Relocatable:
This business can be relocated
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