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Mining services ripe for M&A: EY

Nov 21, 2018 - Australian Financial Review

A buoyant resources sector is breathing life back into the mining services sector and could trigger a wave of exits from private equity players that have been holding equipment fleet and other mining services assets since the last boom, according to accounting firm EY.

Analysis of auction results suggest the value of Australian mining fleet had increased by 7.5 per cent over the past 18 months, with the bulk of that rise coming in the past six months as cashed-up miners seek to add equipme...