The company started off with four trucks, 100 skip bins and six staff in 2005 and through hard work and acquisitions transformed into a $2.6 billion player.
Bingo's two largest shareholders, Daniel Tartak and Ian Malouf.
It's the mouse that eventually roared. A small skip bin company with just four trucks and 100 bins was acquired in 2005 in Sydney by the Tartak family for less than $1 million.
It has transformed into substantial waste management group Bingo Industries, a $2 billion-plus player with more than 300 trucks on the road, and now in the sights of a private equity consortium led by CPE Capital which has made a conditional and non-binding buyout bid pitched at $3.50 per share. The buyout proposal gives Bingo an enterprise value of $2.6 billion.
Simon EvansSenior reporterSimon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
