Ambipar buys Graham Utilities and expands operations in North America

Ambipar buys Graham Utilities and expands operations in North America

The acquisition was the company’s fifth in Canada; around 40 companies have already been acquired by Ambipar since 2020

THE Ambipar (AMBP3) announced this Tuesday, 12, the purchase of 100% of Graham Utilities through its subsidiary Ambipar Holding Canada. The acquisition, like others made by the company, had no value disclosed.

This was the fifth company acquired by Ambipar in Canada and the tenth in North America. The operation, according to a statement, is part of the company’s expansion plan, which expands the number of bases installed on the continent by 32.

Graham Utilities, renamed Ambipar Response Graham, was founded in 2015 and specializes in emergency care for the highway segment. In 2021, the company had revenues equivalent to BRL 14.1 million and an EBITDA of BRL 6.6 million.

Part of the interest in the asset is due to the company’s operations in Belleville, a Canadian province where Ambipar was not present. The acquisition will also enable the exploration of maritime services in Canada, according to Ambiar, as Graham’s base is “strategically” located 12 kilometers from the navigation channel to the Ontario River.

Ambipar has already made about 40 acquisitions since the IPO, held in 2020, the vast majority through subsidiaries. But the price paid in acquisitions, said the CEO of Ambipar, Cristina Andriotti, in a recent interview with Talk Show Exame Inis a secret that only belongs to the company.

Source: Exam

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