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WasteCo Group acquires Auckland's Civic Waste for $9 million, marking its first North Island investment.
WasteCo Group, a New Zealand waste management company, has agreed to acquire Civic Waste, an Auckland-based firm, for $9 million, plus an earn-out based on financial milestones.
This marks WasteCo's first North Island investment, adding about $20 million in revenue over the next year.
To support the acquisition, WasteCo secured $15 million in new funding and plans to raise up to $3 million more through a Share Purchase Plan.
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WasteCo Group adquiere el Civic Waste de Auckland por $9 millones, lo que marca su primera inversión en North Island.