WasteCo NZ Ltd

WasteCo is pleased to confirm that it has completed the purchase of the shares of Civic Waste. In a very tough market we have bought a very good NZ business, raised a good amount of capital from existing shareholders and brought on a significant new investor – Simon Herbert.   There is more detail in the media release below, including the announcement of the new chairman for WasteCo Group, Roger Gower.   https://lnkd.in/gwRJZN5h

From the team at WasteCo, thank you for your ongoing support in what has been a busy year. We look forward to 2025 where we will continue driving positive change and reinforcing WasteCo’s position as New Zealand’s trusted leader in sustainable waste management. Wishing you and your loved ones a happy and safe holiday season and a wonderful New Year! 🎄

We’re on the hunt for our new Health & Safety Business Partner! A position that can be filled in either Christchurch or Invercargill and will require regular travel across the region. ♻️ This role would see you lead cultural change in health and safety across the Southland, Otago, and Oamaru regions, offering the opportunity to work collaboratively across multiple teams to foster a safety-first culture while ensuring compliance with legal regulations and promoting the health and well-being of employees. If this interests you, or you know someone who would be a great fit, apply through the best suited location listing below. We can’t wait to hear from you! 👷 Christchurch (Canterbury) listing: https://lnkd.in/geazbh9W Invercargill (Southland) listing: https://lnkd.in/gZRyD5yg

Last week we were a proud sponsor of the NZ Men's and Women's Interprovincials Golf Tournament at Russley Golf Club in Christchurch. Being in the sustainable waste management industry, we find ourselves in all corners of our communities. This spot in the sun wasn't too bad!

Coca Cola Christmas in the Park is such a joyous time! We're always proud to be a part of the festivities and ensure that your waste is processed efficiently and sustainably. On Saturday night in Hagley Park, Christchurch, we processed and sorted 1,710 kgs of waste - 68% of this was diverted from landfill 👏 Ka pai for helping us sort into the correct bins! Christchurch City Council | The Coca-Cola Company

WasteCo was born out of Christchurch more than 10 years ago. Expanding ever since, we are now entering a new and exciting period of our journey. From our entrepreneurial beginnings, based around a drive to find a better way to go about waste management, we have since grown into a prominent business offering many different waste management services across the South Island. Our 2024 Annual Report is now available to read below - learn more on our growth and acquisitions, new sustainability initiatives, financial reports and our 2024 highlights.

A real privilege to celebrate the Deloitte Fast 50 awards event last week alongside some inspiring and innovative Christchurch companies. Our Chief Sales Officer, Luke Brown, enjoyed getting to know the people who are driving Tuatara Structures and Growcott Freer Property to be leaders in their industries. Congratulations to all - (L-R) Vaughan Ellis, Ben Halsey, Isaac Freer, Nicholas Growcott, Luke Brown, Ryley Drake and Bronwyn Baird.

Great to see the NZ Herald picking up our story that Simon Herbert and Paula Herbert have bought into WasteCo. This acquisition will further drive sustainability and innovation in the waste sector and we are looking forward to the significant North Island expansion. You can read the full story online here https://lnkd.in/gbSFtmjS

Great news today for WasteCo. As a listed company we announced to the market this morning that we are expanding our commercial operations into the North Island through a conditional acquisition of Auckland-based waste management company Civic Waste Limited.   We have entered into a conditional agreement to acquire 100% of the shares on issue of Civic Waste Ltd for $9 million, together with an earn-out component based on achieving financial performance milestones during the following 12 months.   This acquisition will provide WasteCo with an expanded geographic footprint and additional operational scale, contributing approximately NZD $20 million in revenue over the next 12 months. We are also pleased to share that WasteCo has entered into a conditional subscription agreement with Empire Waste Technology Ltd in respect of the issue of $15 million of convertible notes. Empire Waste Technology is part of Simon and Paula Herbert’s Empire Capital group of companies.   You can learn more about the details of this announcement here https://lnkd.in/g-aV4Z4R

A real honour to be placed second on the 2024 Deloitte Master of Growth Index - this spot has been earned through revenue growth of 467% over the past 5 years. We’re also proud to receive the 29th placing on the Fast 50 Index, which measures revenue growth over the past 3 years. It is a privilege to receive these recognitions, and we extend an enormous thank you to our staff across the South Island who put in the hard work on the ground. Without our efficient and diligent teams, and committed customers, this growth would not be possible. Luke Brown, Chief Sales Officer, represented the WasteCo team last night at the awards in Auckland. It was wonderful to connect with other category winners and companies listed in the index. Congratulations to all involved, especially Devoli taking out the top spot of the Master of Growth Index - see the full index here https://lnkd.in/gGqr8C9x