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BINGO advised on acquisition of United Waste Services
National firm Maddocks has advised recycling and waste management company BINGO Industries (BINGO) on its acquisition of United Waste Services.
Jess Feyder
Firm: Maddocks (BINGO)
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Value: N/A
Deal: BINGO has acquired recycling facilities across Brisbane, Ipswich and the Gold Coast, as well as an operating landfill at Sheldon, which is licensed to accept 100,000 tonnes per annum. They also acquired a collections fleet of 37 vehicles and more than 3,500 skip and hook bins.
Area: Corporate
Key players: The Maddocks team was led by corporate partner Duncan Hall and senior associate Bernando Wood and supported by property senior associate Sam Troutman.
Deal significance: The acquisition has enabled national expansion into South-East Queensland’s fast-growing market.
Mr Hall commented: “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.”
