Australian waste management company BINGO Industries Ltd. has closed on the $577.5 million purchase of peer Dial-a-Dump Industries.
With the deal, BINGO Industries expects to realize the value of the supply chain synergies, particularly in the commercial and industrial waste segment of the market.
More so, the transaction is expected to make Bingo Industries the biggest waste company in Sydney. The company has an $859 million valuation.
Bingo finalized the transaction to the satisfaction of regulatory requirements associated with the Australian Competition and Consumer Commission approval of the deal.