M&A Deal Summary

Cleanaway Acquires Contract Resources

On March 20, 2025, Cleanaway acquired business services company Contract Resources from SCF Partners for 377M AUD

Acquisition Highlights
  • This is Cleanaway’s 1st transaction in the Business Services sector.
  • This is Cleanaway’s largest (disclosed) transaction.
  • This is Cleanaway’s 3rd transaction in Australia.

M&A Deal Summary

Date 2025-03-20
Target Contract Resources
Sector Business Services
Buyer(s) Cleanaway
Sellers(s) SCF Partners
Deal Type Add-on Acquisition
Deal Value 377M AUD
Advisor(s) KPMG Corporate Finance (Financial)
Clifford Chance (Legal)

Target

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.

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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 3 of 3
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 3 of 3
Country (Australia) 3 of 3
Year (2025) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-24 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.

Buy $110M

Seller(S) 1

SELLER

SCF Partners

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

SCF Partners Ltd. is a specialist private equity firm that targets investments in energy service and equipment companies with operations around the world. SCF provides both equity capital and strategic guidance over the life of the investment which typically lasts five years. The Firm's target investment size is $10 to $100 million. SCF looks to grow portfolio companies through internal growth initiatives and through acquisitions. SCF Partners was formed in 1989 and is based in Houston, Texas, with additional offices in Aberdeen, Scotland and Calgary, Alberta.


DEAL STATS #
Overall 24 of 24
Sector (Business Services) 3 of 3
Type (Add-on Acquisition) 9 of 9
Country (Australia) 1 of 1
Year (2025) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-13 Newpark Fluids Systems

The Woodlands, Texas, United States

Newpark Fluids Systems provides drilling and completion fluids products and related technical services to customers for oil, natural gas, and geothermal projects primarily in North America, Europe, the Middle East, and Africa, as well as certain countries in Asia Pacific. NFS utilizes a fluids-focused and global reach, local knowledge approach to improve the efficiency & productivity of customer operations globally.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-25 Phoenix

College Station, Texas, United States

Phoenix provides high-horsepower contract compression services, supplying North American midstream and upstream operators with high-efficiency, low-emission solutions offers turnkey natural gas compression stations, station operations, and project management. Phoenix was founded in 2024 and is based in College Station, Texas.

Buy -