Approved · Notification · Phase 1 · filed 22 July 2026
Insurance Building Australia Operations Pty Ltd, operating for Ambrose Construct Group (majority owned by CPE Capital), proposes to acquire 100% of the issued shares in Major LB Pty Ltd, operating for Major Loss Builders. This transaction involves two companies in the insurance repair and restoration services sector, with Major Loss Builders specialising in large loss commercial and residential building services.
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.