Processing timeline
51
days
Filed
22 July 2026
Decision Due
TBC
Est decision date: 24 Aug 2026. Based on 90 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 and majority owned by CPE Capital funds, acquired 100% of Major LB Pty Ltd, operating as Major Loss Builders, via a share sale. This transaction combines two insurance repair and restoration service providers, expanding Ambrose Construct Group's national presence.
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.