Key Takeaways
- • CVC Capital Partners Asia VI has signed an agreement to acquire a majority stake in Ambrose Construct Group, an Australian provider of repair and disaster restoration services linked to the insurance sector, with deal completion expected in early 2027 subject to regulatory approvals.
- • The transaction values Ambrose Construct at approximately $700 million on a 100% basis, representing an 11x multiple of earnings before interest, tax, depreciation and amortisation (EBITDA).
- • Existing shareholders CPE Capital and founders Brett and Melissa Ambrose will retain minority positions and remain actively involved in the company's management and development following the acquisition.
- • CVC's investment is positioned to accelerate growth through access to international capital and expertise, with management prioritizing technology-enabled service delivery, process innovation, and expanded service specialization for insurers and policyholders.
Summary
CVC Capital Partners Asia VI has secured an agreement to acquire a controlling stake in Ambrose Construct Group (ACG), an Australian specialist in insurance-linked repair and disaster restoration services. The transaction was announced on September 3, 2026, with completion anticipated in early 2027, contingent on standard regulatory conditions. The deal values ACG at approximately $700 million on a fully diluted basis, corresponding to an 11x EBITDA multiple.
The transaction involves the sale of a majority stake from existing shareholders CPE Capital and founders Brett and Melissa Ambrose. Notably, both the founding shareholders and the company's management team will retain meaningful minority investments and operational roles post-acquisition, aligning stakeholder interests through continued ownership participation. This structure preserves entrepreneurial leadership while introducing institutional private equity capital and international operational expertise.
ACG operates as a national provider of repair and disaster restoration services, with particular focus on workflow management and technology solutions designed for insurers and their policyholders. Anthony McLean, Chief Executive Officer of ACG, outlined the strategic rationale for the partnership, emphasizing that CVC's capital and international experience will enable enhanced service delivery, accelerated technology adoption, and process innovation. The investment explicitly targets customer-oriented digital capabilities and specialized service expansion across ACG's insurance industry customer base.
The acquisition reflects CVC Capital's continued expansion in Asia-Pacific alternative asset management. CVC Asia Pacific, an affiliate of the European buyout firm, recently closed a $4.1 billion fund focused on investment opportunities across Australia and Greater China, providing the capital base for this and similar transactions in the region. The ACG acquisition represents a sector-specific play on insurance-linked services, a defensive business model with recurring revenue characteristics tied to policyholder claims and catastrophic events.
The transaction involves the sale of a majority stake from existing shareholders CPE Capital and founders Brett and Melissa Ambrose. Notably, both the founding shareholders and the company's management team will retain meaningful minority investments and operational roles post-acquisition, aligning stakeholder interests through continued ownership participation. This structure preserves entrepreneurial leadership while introducing institutional private equity capital and international operational expertise.
ACG operates as a national provider of repair and disaster restoration services, with particular focus on workflow management and technology solutions designed for insurers and their policyholders. Anthony McLean, Chief Executive Officer of ACG, outlined the strategic rationale for the partnership, emphasizing that CVC's capital and international experience will enable enhanced service delivery, accelerated technology adoption, and process innovation. The investment explicitly targets customer-oriented digital capabilities and specialized service expansion across ACG's insurance industry customer base.
The acquisition reflects CVC Capital's continued expansion in Asia-Pacific alternative asset management. CVC Asia Pacific, an affiliate of the European buyout firm, recently closed a $4.1 billion fund focused on investment opportunities across Australia and Greater China, providing the capital base for this and similar transactions in the region. The ACG acquisition represents a sector-specific play on insurance-linked services, a defensive business model with recurring revenue characteristics tied to policyholder claims and catastrophic events.
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