How many acquisitions has Ricardo made so far?

Ricardo has completed 9 acquisitions so far, with an average acquisition amount of $43.8M.

Which countries does Ricardo usually acquire in?

Ricardo has made acquisitions in 4 countries with the most activity in Australia and United Kingdom.

In which year did Ricardo make the most acquisitions?

Ricardo was most active in 2023, with 2 acquisitions completed in that year.

List of 9 Acquisitions by Ricardo (Apr 2026)

Q: Which is Ricardo's latest acquisition?

Ricardo's most recent acquisition is E3 Advisory, a Consulting firm that provides infrastructure advisory services, acquired in December 2024 for $63.3M.

Most viewed in 2019

Ricardo has completed a total of 9 acquisitions. Peak activity, with 2 acquisitions each, occurred in 2023, 2019, and 2015. These acquisitions spanned 4 countries, including Australia with 5, United Kingdom with 2, and United States with 1. They involved 3 sectors: Management Consulting Services (2 acquisitions), Waste & Water Management (1 acquisition), and Telecom Operators (1 acquisition). Over the last five years (2020–2025), the average number of acquisitions per year is 0.8, with 0 acquisitions completed in the current calendar year. The most recent acquisition was E3 Advisory, a Sydney-based consulting firm specializing in infrastructure advisory services, founded in 2014 and acquired in December 2024 for $63.3M.

Here's the year on year acquisition history of Ricardo:

Number of Total Acquisitions

Year	# Acquisitions
2024	1
2023	2
2022	1
2019	2
2015	2
2008	1

View all Acquisitions by Ricardo

Recent acquisitions by Ricardo

Ricardo's most recent acquisition - E3 Advisory is a Consulting firm that provides infrastructure advisory services, founded in 2014 and located in Sydney. Ricardo acquired a 85% stake in it in December 2024 for a price of $*****.

Here is the list of all acquisitions by Ricardo sorted by the latest acquisition date:

Acquired on	Acquired Company	Acquisition Price	Facilitators	Stake Acquired	Acquisition Multiple
Dec 18, 2024	E3 Advisory	qrib	vngg	45	508
Mar 13, 2023	Aither	ffjr	igmm	77	266
Jan 25, 2023	E3-Modelling	ufqb	karl	41	495
Mar 07, 2022	inside infrastructure	mzqj	iich	14	595
Jul 01, 2019	PLC Consulting	utxp	zoz{	40	826