WA mining services group SSH has agreed to acquire Elphinstone Mechanical Services in a deal worth up to $3 million, marking its expansion into Queensland.
Western Australian mining services group SSH Group has agreed to acquire Elphinstone Mechanical Services in a deal worth up to $3 million, marking its first expansion into Queensland.
The acquisition, announced on Monday, gives Perth-based SSH an immediate east coast presence.
Elphinstone, which is also a WA business, specialises in heavy diesel maintenance, equipment shutdowns, line boring, welding and field services for tier-one and mid-tier mining clients.
Under the deal, SSH will pay a combination of cash and shares at settlement, with an additional cash and share-based earn-out payable if Elphinstone meets agreed revenue targets in FY27. Completion is expected before June 30.
Elphinstone will continue to trade under its existing brand, while founders Shane and Jody Elphinstone are expected to retain their leadership roles.
SSH said the deal was expected to be immediately earnings and margin-accretive.
Chief operating officer and executive director Stefan Finney said the buy would help scale the group's national capability.
"EMS is a proven business with strong client relationships and an experienced team, and it significantly enhances our ability to deliver integrated services across the industry," Mr Finney said.
"Importantly, this is a West Australian growth story. We're building on strong local foundations and scaling them nationally."
Elphinstone Mechanical Services will sit within SSH's hire division, alongside equipment hire arm KMH, joining mining services unit SSH Mining and recruitment business Bridge Resources in the group's vertically integrated portfolio.
The acquisition caps a busy period for SSH, which reported half-year revenue of $24.2 million in FY26 — up 25 per cent on the previous corresponding period.
The company held a cash balance of $6.6 million as of 31 December.
Managing director Daniel Cowley-Cooper described the half as "a clear inflection point" for the group, with active gold project work at Mt Fisher Wagtail and the Northern Goldfields contributing to momentum.
SSH listed on the Australian Securities Exchange in September 2021 and bought Karratha-based equipment hire firm KMH for $15 million the following April.
In March last year, it signed a non-binding term sheet to acquire Perth-based Total Contract Mining.
In October 2025, Hong Kong-based Xinhai Mining Services took a 15.5 per cent stake in SSH through a $2.53 million strategic placement.
Xinhai chair Zhang Zhongyi joined the SSH board as part of that investment.
The Elphinstone deal is SSH's first acquisition outside Western Australia.
Elphinstone founders Shane and Jody Elphinstone said the partnership would allow the business to grow faster and access larger opportunities, while continuing to invest in its people and regional operations.
"The alignment between EMS and SSH is clear, with a strong cultural and operational fit and a shared understanding of delivering in environments where safety and performance are critical," they said.
