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Announced

Completed

Bingo Industries acquired Dial-a-Dump for $578m.

Financials

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Transaction Value£452m
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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waste management

Waste and Disposal Services

Australia

Private

Acquisition

Friendly

Single Bidder

Completed

Synopsis

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Bingo Industries acquired fully integrated NSW waste and recycling business Dial A Dump Industries for $578m. It comes as Bingo Industries released its full-year results (more to come on this). According to an ASX statement, consideration for the acquisition will comprise $378m in cash and $200m in Bingo shares to be issued to vendors of Dial A Dump Industries Group (DADI Group) after the acquisition is completed. "This acquisition will allow us to realise our vision for our world-class Recycling Ecology Park at Eastern Creek. This multi-million dollar development will expand our waste processing capability, increasing recovery rates for customers and producing more recycled products." reported Bingo Industries.

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