Add-on Acquisition • Environmental

Cleanaway Acquires Citywide

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

Acquisition Context
  • This is Cleanaway’s 2nd transaction in the Environmental sector.
  • This is Cleanaway’s 3rd largest (disclosed) transaction.
  • This is Cleanaway’s 2nd transaction in Australia.

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M&A Deal Summary

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

Target Company

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 Overview 1

Buyer

Cleanaway

Melbourne, Australia

Category Company
Founded 2002
Sector Environmental
Employees10,000
Revenue 3.7B AUD (2024)
DESCRIPTION

Cleanaway is a provider of waste management solutions to municipalities, small and large businesses, and other waste management companies. 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 Context for Buyer #
Overall 2 of 3
Sector: Environmental 2 of 2
Type: Add-on Acquisition 2 of 3
Country: Australia 2 of 3
Year: 2024 1 of 1
Size (of disclosed) 3 of 3
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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-20 Contract Resources

Perth, Australia

Contract Resources is a provider of specialized Industrial and mechanical services to the oil & gas, chemical, mining, cement and utilities Industries across New Zealand, and the Middle East. Contract Resources was founded in 1990 and is based in Perth, Australia.

Buy AU$377M