Amalgamated Mining Equipment Ltd. (AME) began as a rebuild/refurbish venture in 1990. A few years later, Amalgamated saw a niche in the market for a new idea. The company bought new equipment from Caterpillar and converted them into durable customized personnel carriers.

Amalgamated Mining & Tunnelling Inc. (AMI) was formed in 1999 as a new company, focusing on the sale and/or lease of new and used mining equipment. In 2007, building on its strong relationship with Caterpillar, AMI broadened its stock with the addition of a full line of new underground Caterpillar equipment.

In alliance with Finning CAT (Canada West) and Toromont CAT (Canada East), AMI continues to have new units available for end users and contractors on specific lease terms.

Also in 2007, AME expanded its parts division, resulting in a third new company, Amalgamated Mining Services (AMS).

Originally conceived as a single company focused on rebuilding/refurbishing underground equipment, AME evolved into three distinctive corporations based in Edmonton, Alberta, Canada.