Maddocks advises BINGO on United Waste Services acquisition
Maddocks has advised one of Australia’s leading recycling and waste management companies BINGO Industries on its acquisition of United Waste Services, enabling national expansion into Queensland’s fast growing South East market.
Under the transaction, BINGO will acquire assets including recycling facilities across Brisbane, Ipswich and the Gold Coast as well an operating landfill at Sheldon which is licensed to accept 100,000 tonnes per annum. The deal will also provide BINGO with a collections fleet of 37 vehicles and more than 3,500 skip and hook bins.
Speaking about the transaction, Duncan Hall said: “This acquisition has been central to BINGO’s five-year plan for expansion across Australia’s eastern seaboard, a move that was particularly encouraged by strong support for recycling by the Queensland Government. BINGO has already invested close to $1 billion in advanced recycling technology and assets in NSW and Victoria, and the new assets from United Waste Services will reinforce BINGO’s leading position in the market.
“The Maddocks team is very pleased to have assisted BINGO with achieving its ambitions, using our significant expertise in the waste industry across the changing regulatory and market issues.”
Maddocks is a proudly independent Australian law firm that works closely with corporations, businesses and governments throughout Australia and internationally. We advise national and international clients across the education, government, healthcare, infrastructure and technology sectors, from our Canberra, Melbourne and Sydney offices. Our specialist expertise includes dispute resolution and litigation, employment and safety, financial services, franchising and insolvency.
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