Cayman Islands-based Ambipar Emergency Response, a global crisis management powerhouse known for tackling oil spills, fires, and industrial emergencies, has filed for Chapter 11 protection in Texas federal court, listing over $1 billion in assets and $328.2 million in liabilities.
The filing, made late Monday, signals the latest tremor in a sprawling international restructuring effort. Ambipar’s U.S. arm, a subsidiary of Brazil’s Ambipar Participações e Empreendimentos SA, now joins its parent’s court-supervised restructuring in Brazil, forming a synchronized effort to steady a global enterprise under pressure.
Parallel Proceedings Across Two Continents
In a first-day declaration, Ambipar’s head of restructuring Thiago da Costa Silva explained that the company’s emergency response operations remain financially sound, even as its Brazilian affiliates buckle under creditor defaults. Notices of default from Brazilian lenders have rippled through the corporate structure, forcing the firm to seek Chapter 11 protection in the U.S. as a safeguard for its international assets and operations.
“This process allows us to protect our healthy business segments while coordinating a responsible financial reset,” da Costa Silva said in court filings.
Ambipar’s non-Brazilian subsidiaries are not part of the Chapter 11 case and remain insulated from the parent company’s debt obligations. These entities will continue operating independently and, according to filings, do not require immediate first-day relief.
