Processing timeline
5
days
Filed
22 July 2026
Decision Due
2 Sept 2026
Est decision date: 22 Aug 2026. Based on 53 decided Professional & Business Services notifications.
Acquirer(s)
Insurance Building Australia Operations Pty Ltd ABN - 80 661 826 026
Target(s) or Vendor(s)
Major LB Pty Ltd ABN - 72 611 974 540
Other parties
None listed
Insurance Building Australia Operations Pty Ltd, operating as Ambrose Construct Group (majority owned by CPE Capital funds), proposes to acquire 100% of the issued shares in Major LB Pty Ltd, operating as Major Loss Builders. This share acquisition is in the insurance repair and restoration services industry, where both companies provide services for insurance claims.
Insurance Building Australia Operations Pty Ltd (the Acquirer ), the operating entity for Ambrose Construct Group, proposes to acquire 100% of the issued shares in Major LB Pty Ltd, the operating entity for Major Loss Builders (the Target ). Ambrose Construct Group ( ACG ) is a national insurance repair and restoration company with a focus on services provided under insurance claims, servicing contracts directly with insurers and indirectly with insurance loss adjusters. ACG is comprised of the Ambrose Construct, Construct Services, Xtreme Clean, FEN Australia, Nexus Project Group and Abril Building Solutions and Restorations brands. ACG is majority owned by funds managed or advised by CPE Capital, an Australian private capital manager. Major Loss Builders ( MLB ) is an insurance building specialist supplying large loss commercial and residential insurance building services in Western Australia, South Australia and the Northern Territory. Both ACG and MLB overlap in the supply of insurance repair and restoration services for insurance claims, including business-as-usual repairs, emergency ‘make-safe’ services and associated services.
The ACCC has prepared a questionnaire on the Acquisition. Submissions or information in response to the questionnaire should be provided 30 July 2026 via email to mergers@accc.gov.au with the title Submission re: Ambrose Construct Group – Major Loss Builders . The ACCC’s ability to give detailed consideration to submissions received after this time may be limited.