2016

Year

Industrials

Sector

Worth Corporation

Client

Tox Free Solutions Limited

Acquired By

Worth Corporation / Tox Free Solutions Limited

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, Baron Partners Limited, M&A International Inc.’s member firm 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. Baron 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.

Key Contacts

Mike Dinsdale

Associate Director

View profile

Peter Gray

Partner

View profile

James Ellis

Partner & Head of Industrials

View profile

Recent Deals for Industrials Sector

What can we help you achieve?

Get in touch

Thank you. We will be in touch soon

There was an error with the form. Please check and try again.