Ampcontrol was founded in 1968 in Newcastle and has grown to $44.9 million EBITDA according to its most recent accounts. Its clientele includes resources, infrastructure and energy companies.
Soul Patts already owned 43.3 per cent of Ampcontrol. About four years ago, the business was touted as a lIt’s understood to have paid around the $200 million mark on an enterprise value basis to buy out minority shareholders, which was primarily the founder. Accounts filed with the Australian Securities and Investments Commission show Ampcontrol had $256.5 million revenue in the 2021 financial year, down slightly from $261.6 million the year before.
During the period, it sold its UK and France subsidiaries, improving the net profit after tax from $5.7 million in the 2020 financial year to $16.2 million in 2021. co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.