M&A Deal Summary

Cleanaway Acquires Citywide

On June 24, 2024, Cleanaway acquired environmental company Citywide for 110M USD

Acquisition Highlights
  • This is Cleanaway’s 2nd transaction in the Environmental sector.
  • This is Cleanaway’s 2nd largest (disclosed) transaction.
  • This is Cleanaway’s 2nd transaction in Australia.

M&A Deal Summary

Date 2024-06-24
Target Citywide
Sector Environmental
Buyer(s) Cleanaway
Deal Type Add-on Acquisition
Deal Value 110M USD

Target

Citywide

North Melbourne, Australia
Citywide provides waste management services to approximately 1,500 municipal, commercial, and industrial customers in Melbourne, including the Melbourne City Council. Citywide is based in North Melbourne, Australia.

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Buyer(S) 1

Buyer

Cleanaway

Melbourne, Australia

Category Company
Founded 2002
Sector Environmental
Employees7,900
Revenue 3.5B AUD (2023)
DESCRIPTION

Cleanaway provider of waste management solutions. Customers include municipalities, small and large businesses and other waste companies, and the types of waste handled include solid, liquid, hazardous and oil waste, as well as the provision of industrial cleaning solutions. Cleanaway was founded in 2002 and is based in Melbourne, Australia.


DEAL STATS #
Overall 2 of 2
Sector (Environmental) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (Australia) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-11 Tox Free Solutions

Osborne Park, Australia

Tox Free Solutions Ltd. is a provider of industrial waste management solutions in Australia. The company has three-segment of business: Technical and Environmental Services, Industrial Services, and Waste Services. Tox Free Solutions was formed in 2000 and is based in Osborne Park, Australia.

Buy AU$671M