Sept 20 (Reuters) - North American Construction Group Ltd NOA.TO :
* NORTH AMERICAN CONSTRUCTION GROUP TAKES A MAJOR REVENUE DIVERSIFICATION STEP WITH THE ACQUISITION OF OWNERSHIP INTEREST IN NUNA LOGISTICS
* NORTH AMERICAN CONSTRUCTION GROUP LTD - MAJORITY 51PCT OWNERSHIP INTEREST IN NUNA IS HELD BY KITIKMEOT CORPORATION
* NORTH AMERICAN CONSTRUCTION GROUP LTD - TRANSACTION IS EXPECTED TO PROVIDE NACG WITH APPROXIMATELY 20PCT OF INCREMENTAL AND DIVERSIFIED REVENUE
* NORTH AMERICAN CONSTRUCTION GROUP LTD - ANTICIPATES SYNERGIES TO BE FULLY REALIZED WELL WITHIN TWO YEARS FROM CLOSING OF TRANSACTION
* NORTH AMERICAN CONSTRUCTION - ENTERED AGREEMENT TO ACQUIRE 49% OWNERSHIP INTEREST IN NUNA LOGISTICS LIMITED, RELATED COS FOR $42.5 MILLION IN CASH
* NORTH AMERICAN CONSTRUCTION GROUP LTD - TRANSACTION WILL BE FULLY FINANCED USING NACG'S EXISTING CREDIT FACILITY
* NORTH AMERICAN CONSTRUCTION - NUNA'S ASSET LIGHT BUSINESS MODEL TO RESULT IN ACCRETIVE EBITDA, FREE CASH FLOW & EARNINGS, BEFORE MEANINGFUL SYNERGIES