Ambrose Construct Group-Major Loss Builders deal approved in Australia
( August 13, 2026, 05:46 GMT | Official Statement) -- MLex Summary: Australia’s competition watchdog has approved Ambrose Construct Group’s acquisition of Major Loss Builders, finding the deal unlikely to substantially lessen competition in any relevant market. ACG is a national insurance repair and restoration company, while MLB specializes in complex, large-loss commercial and residential insurance building repairs in Western Australia, South Australia and the Northern Territory. The Australian Competition & Consumer Commission on Wednesday said the parties’ combined national and state-based market shares would be minimal and they would continue to face competition from a large number of alternative suppliers.Statement follows. Determination attached. ...
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