Global direct investment business, Silverfern Group has acquired waste collection specialist, Waste Services Group.
Waste Services Group provides waste collection services to the Australian commercial and industrial sectors, utilising front-lift waste removal trucks to collect customer waste streams. The business also provides national broker and account management services for commercial and industrial customers with multi-site and complex waste collection requirements.
“We are excited to partner with management and Riverside in the acquisition of a leading Australian waste management company with significant local and national growth opportunities,” said Silverfern Managing Director, Mark Baldassarre. “Waste Services Group is a specialised provider of waste management services with a flexible and scalable asset light strategy that enables it to focus on superior account servicing, a key differentiator for Australian waste management customers.”
Silverfern Co-Managing Partner, Clive Holmes, added. “Our investment in Waste Services Group further demonstrates that by partnering with lead investors and management with deep industry insight and local knowledge, Silverfern can effectively become a local investor, globally. We look forward to contributing to continuing and accelerating Waste Services Group’s growth in the fragmented Australian waste management industry.”
The acquisition of Waste Services Group, done in conjunction with US-based firm, The Riverside Company, is Silverfern’s fifth platform investment and eighth global investment in the past year.