Waco is an industrial support services company that provides forming, shoring and scaffolding (“FSS”), portable and modular buildings (“RLMB”), and sanitation services to the construction, mining, and industrial maintenance sectors in multiple geographic regions, international comprises operations in Australia and UK.
Waco employs c.7,100 people across its operations.
The Waco International transaction exhibited all these components, which needed to be woven into a fabric of long-term trust and strategic alignment.
In July 2000 an Ethos-led consortium bought Waco for R2.4 billion, the largest private equity deal in South Africa at the time.
Waco is a diverse industrial services group and its core operations comprise scaffolding, forming and shoring, and the manufacture, sale and hire of modular buildings in local and foreign markets.
With an enterprise value of R2,4-bn, the Ethos led buyout of Waco is the largest private equity deal concluded in South Africa to date.
EXCEPTIONAL, MULTI-DISCIPLINARY EXPERTISE