Dumas Holdings Inc: Acquisition
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.