Dumas Holdings Inc: Acquisition

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Acquisition of 60% of Dumas by Stracon

In October 2018, Stracon S.A., a majority owned company of Ashmore Group, announced the acquisition, through its subsidiary Stracon International, of a 60% controlling interest in Dumas Holdings Inc. (“Dumas”).

Since 1994, Dumas evolved from a small French-Canadian owned boutique underground mining contractor to an international full-service underground mining contractor, focused on providing services to clients in Canada and Mexico.

The acquisition combines Stracon’s market leading position as a full-service mining contractor specializing in open-pit mines in Latin America with Dumas’ leading underground capabilities, providing Stracon with increased access to the growing North American market.

EFIC Partners acted as financial advisors to Stracon.