$70.0m divestment of Worth Recycling to ASX listed Tox Free Solutions.
Henslow worked alongside the private shareholders of Worth Corporation (parent company) to successfully divest the company to Tox Free Solutions, an integrated waste management group. Founded in 2001, the company operates through four segments; Waste Services, Industrial Services, Technical and Environmental Services, and Health Services. We were the retained corporate advisor to Worth Recycling pre-sale and in 2015 the business had restructured enough to be in a position to sell. We engaged in negotiations with the main industry competitor and subsequently established a divestment time frame. The Henslow team assisted with due diligence, financial and corporate advisory and negotiations over a sale period of six months. We successfully delivered a sale outcome well above expectations.
Worth Recycling is a market leader in the collection, transportation, processing and recycling of liquid, sludge and solid waste, as well as a proven performer in confined space and industrial cleaning equipment. The company has developed and acquired a significant base of oily wastewater treatment technology from extensive in-house research and engineering.
Key Strategic Buyer
Multi Shareholders Arrangements
A reputable group within the waste management industry
We are excited to see the partnership between Worth Recycling and Tox Free Solutions grow as they strive to become Australia’s leading integrated waste management group.
Looking for investment opportunities?
Backed and vetted by Henslow, unlock a selection of unique investment opportunities. Register an account to get started.Investment hub