United Waste Services is a fully integrated recycling and waste management services provider and is the leading provider in South East Queensland. The transaction, which closed on 1 July 2022, involved the sale of the following operating assets to BINGO:
- 4 recycling facilities located in Brisbane, Ipswich and the Gold Coast;
- a licensed landfill site at Sheldon (north of the Gold Coast);
- a mobile fleet of almost 40 waste collection vehicles, trucks and related equipment; and
- an inventory of more than 3,500 skip bins and hook bins.
The divestment of this well-established business will allow United Waste Services to continue growing strongly and provides BINGO with the opportunity to expand its east coast footprint into Queensland.
Speaking about the transaction, Ben McTaggart said:
“This was a complex transaction which required focus and dedication from all MGL team members. It involved a pre-completion restructure, the sale of the freehold landfill site and the sale of shares in the operating companies; with all transactions completing contemporaneously. We are extremely proud to have assisted Tim Farrell and his team to deliver an exceptional outcome for the sellers. By leveraging our specialist corporate, commercial and property expertise, the sellers were able to successfully close the transaction on the scheduled completion date without compromising on their commercial objectives.”
To read BINGO’s official announcement, click the link here.
About McTaggart Grant Lawyers
McTaggart Grant Lawyers is a boutique corporate, commercial and property law firm founded by ex top-tier lawyers Ben McTaggart and Mary Grant. Our lawyers are specialists and we partner with our clients to deliver expert, timely and commercially astute advice with a relentless focus on quality. We work with founders, business owners, family offices and corporations Australia-wide across a range of industries, including childcare, property development, private capital, franchising, medical and allied health services and retail. We are proudly headquartered on the Gold Coast and deliver our services locally and remotely to interstate clients using modern technology.
If you are interested in how McTaggart Grant Lawyers can assist you, please contact us.