Melbourne, Australia November 16, 2016 – The Silverfern Group, a leader in non-traditional global direct investment, today announced that it has completed the acquisition of Waste Services Group, in partnership with The Riverside Company.
Waste Services Group provides diversified waste collection services to the Australian commercial and industrial sectors, utilizing front-lift waste removal trucks to collect customer waste streams and providing national broker and account management services for commercial and industrial customers with multi-site and complex waste collection requirements.
“We are excited to partner with management and Riverside in the acquisition of a leading Australian waste management company with significant local and national growth opportunities” said Silverfern Managing Director Mark Baldassarre. “Waste Services Group is a specialized provider of waste management services with a flexible and scalable asset light strategy that enables it to focus on superior account servicing, a key differentiator for Australian waste management customers.”
Silverfern Co-Managing Partner Clive Holmes added “Our investment in Waste Services Group further demonstrates that by partnering with lead investors and management with deep industry insight and local knowledge, Silverfern can effectively become a local investor, globally. We look forward to contributing to continuing and accelerating Waste Services Group’s growth in the fragmented Australian waste management industry.”
The acquisition of Waste Services Group represents Silverfern’s fifth platform investment and eighth global investment so far in 2016.
About Waste Services Group
Waste Services Group provides diversified waste collection services to the Australian commercial and industrial sectors, utilizing front-lift waste removal trucks to collect customer waste streams and providing national broker and account management services for commercial and industrial customers with multi-site and complex waste collection requirements. The Company targets a diverse customer base and benefits from unique and extensive relationships with Australia’s Small-to-Medium Enterprise (“SME”) customers – who place a large emphasis on customer service as a key differentiator. Waste Services Group undertakes a flexible and scalable asset light strategy that enables it to focus on account servicing while applying an optimal mix of Company fleet and subcontractors to service its customers.
Founded in 2001, Silverfern is amongst the few truly global middle-market, multi-asset class, investment management firms in the world today, with resources akin to those of a strategic, local investor. Silverfern invests on behalf of both institutional investors and a network of more than 65 of the world’s largest and most sophisticated multi-billion-dollar single family offices, and has a global partnership with the Citibank Private Bank. Through its offices in New York, Amsterdam, Frankfurt and Sydney, Silverfern makes non-traditional, direct, co-control and minority investments in middle market private equity and real estate investment opportunities globally. Silverfern’s investment strategy seeks to mitigate systemic risk in its portfolio by pursuing attractive risk-adjusted returns on a global basis, while at the same time seeking to manage local/market risk through its strategy to partner with non-traditional, local, investment partners on each of its investments.
Additional information is available at www.silfern.com