Go to deals
Business Support Services | Logistics

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.

Service
M&A sell-side
Parties

Talk to the deal team

 Peter  Fraser

Peter Fraser

Director

Sydney, Australia
Oaklins Henslow
 Stephen  Chapman

Stephen Chapman

Managing Director

Sydney, Australia
Oaklins Henslow

Related deals

Nothelle Group has been acquired by Perpetua
Business Support Services | TMT

Nothelle Group has been acquired by Perpetua

The private shareholder of Nothelle Group, a German provider of innovative customer contact services, has sold a majority stake to the Berlin-based financial investor Perpetua Holding GmbH.

Learn more
Westiform, ID Néon and Nicklex merge to form WIN Group
Business Support Services

Westiform, ID Néon and Nicklex merge to form WIN Group

The shareholders of Westiform Group have sold their shares to WIN Group, a newly created entity owned by the Hofmann family and consisting of ID Néon and Nicklex, two major players in the visual communication market in Switzerland.

Learn more
Unica has acquired Fire Safety Holding
Private Equity | Business Support Services | Construction & Engineering Services

Unica has acquired Fire Safety Holding

Unica, one of the largest providers of technical services in the Netherlands, has signed an agreement for the acquisition of Fire Safety Holding.

Learn more