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Cleanaway’s ‘M&A burger with the lot’ reveals ugly fracture in markets

The rubbish collector’s $377 million acquisition of Contract Resources got a bit of a hostile reception. Why? Buying from private equity.

Rubbish collector Cleanaway Waste’s chief executive Mark Schubert is cock-a-hoop about his latest prize.

He’s just signed a $377 million deal to acquire Contract Resources, which handles toxic chemicals and cleans LNG sites and oil refineries and whose biggest customers include the likes of Ampol, Woodside Energy and ExxonMobil’s Esso.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/chanticleer/cleanaway-s-m-and-a-burger-with-the-lot-reveals-ugly-fracture-in-markets-20250320-p5ll08