Full-service mining contractor specializing in open-pit mines in Latin America. Majority owned by Ashmore Group.
Efic Partners advised STRACON, S.A. on the acquisition of a 60% controlling stake in Dumas Holdings Inc. ("Dumas").
Since 1994, Dumas has 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. Daniel Dumas, founder of Dumas, will remain as shareholder of the remaining 40% of the company and as a member of the board of directors.
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.