Livingbridge announces investment in Waste Services Group in Australia

Livingbridge, a leading mid-market private equity investor, is pleased to announce its investment in Waste Services Group (‘WSG’), a customer focused provider of waste management solutions for Australian businesses.

Established in 2016, WSG supports c.6,000 customer across two key offerings:

Managed Services – where WSG supports customers with complex waste needs to optimise their waste solutions. WSG simplifies the waste co-ordination by managing the collection and disposal, providing administration support and driving ESG outcomes and reporting.

Collections – where WSG provides customer focused waste collection and disposal solutions direct to customers.

WSG services most of the key sectors that drive the Australian economy: education, health, manufacturing and retail amongst others.

Led by CEO Matt Tamplin, WSG is a high-quality, essential service business which has demonstrated consistent organic growth and high customer retention driven by its market leading customer service focus. Over the last five years this has been supplemented with strategic acquisitions which have broadened WSG’s service offering and geographic coverage.

Livingbridge’s investment will help build on this track-record; supporting WSG to provide best-in-class customer outcomes as it grows further in existing and new markets.

Sustainability outcomes are becoming an ever more important part of waste management solutions. WSG intends to be at the forefront of these changes as a sustainability partner for its customers to drive improved environmental outcomes.

William Bajraszewski at Livingbridge, said:

“We are delighted to be partnering with Matt and his experienced management team to fulfil WSG’s potential. WSG has demonstrated impressive organic growth underpinned by a focus on customer satisfaction. The business is uniquely positioned to continue its strategic expansion across Australia, and we look forward to leveraging our local and global expertise to turn this into reality.”

Matt Tamplin, CEO at Waste Services Group commented: “We are excited to enter the next chapter of our growth journey with Livingbridge, a partner with a deep understanding of the services industry. The whole team is thrilled to be in a position to accelerate our ambitious growth plans with Livingbridge’s wealth of experience guiding us.”

The investment marks the fifth investment of Livingbridge Australia since opening the Melbourne office in 2016.

Ares provided a unitranche debt facility to support Livingbridge’s investment. Advisors to Livingbridge included Stanton Road Partners, Trident DCA, Allens, EY and ERM. Advisors to WSG included KPMG, HSF, LEK and Deloitte.