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Services de Soutien aux Entreprises | Logistique

Worth Corporation has been acquired by Tox Free Solutions Ltd

The Private shareholders of Worth Corporation have sold the company to Tox Free Solutions Ltd (Toxfree) for US$53 million.

Sydney-based Worth Corporation, the parent company of Worth Recycling Pty Ltd, is a market leader in the collection, transportation, processing and recycling of liquid, sludge and solid waste, as well as a proven performer in confined space and industrial cleaning services. The company has developed and acquired a significant base of oily wastewater treatment technology from extensive in-house research and engineering activities.

Established and listed on the Australian Securities Exchange (ASX) in 2000, Toxfree is an integrated waste management group, capitalised at US$327 million. The group has experienced substantial growth achieved through acquisitions, new green-field developments and the organic growth of existing businesses.

In 2013, Oaklins' team in Australia responded to a request from the business owners about sale prospects. Corporate advisory assistance was provided and, by 2015, the business had restructured enough to be saleable. During that period, the main industry competitor had confirmed an interest and in late 2015 a negotiated sale price was agreed and a divestment time frame established. Our team assisted with the due diligence, financial and corporate advisory matters, and negotiations over an extremely compressed sale period of three months, delivering a sale outcome ahead of the vendors' expectations.

Services
Vente d'entreprise
Parties prenantes

Contacter l'équipe de la transaction

 Peter  Fraser

Peter Fraser

Directeur

Sydney, Australie
Oaklins Henslow
 Stephen  Chapman

Stephen Chapman

Directeur général

Sydney, Australie
Oaklins Henslow

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