Bingo Industries
 | |
| Industry | Waste management |
|---|---|
| Founded | 2005 |
| Founder | Tartak family |
| Headquarters | Sydney and Melbourne, Australia |
Key people | Daniel Tartak (CEO) |
| Parent | Macquarie Group |
| Website | bingoindustries |
Bingo Industries is an Australian waste management and recycling company founded by the Tartak family in 2005.[1] Its origins were formed when Tony Tartak purchased a small skip bin company.[2]
Overview
[edit]With Headquarters in Sydney, Australia and network across Melbourne, Australia the Company operates residential and commercial waste services,[3] recycling services and bin manufacturing through subsidiary company TORO Waste Equipment [4]
The company was floated on the Australian Securities Exchange in 2017, becoming a public company with a launch share price of $1.85, earning its founders around $452 million whilst retaining a 30 percent stake.[2][5] Prior to its float, it held a 24 percent share in the building and demolition waste market.[2]
Acquisition
[edit]In 2018, Bingo Industries acquired Dial A Dump for $578 million.[6] The transaction was approved by the Australian Competition & Consumer Commission in February 2019.[7] In April 2021, Bingo Industries was purchased by Macquarie Group.[8]
In October 2022 the former CEO of Bingo Industries, Daniel Tartak, pleaded guilty to criminal cartel offences over price fixing in Sydney in 2019.[9]
References
[edit]- ^ Autorino, Tammaso (17 July 2018). "Why the Bingo Industries Ltd (ASX:BIN) share price jumped higher today". The Motley Fool.
- ^ a b c Evans, Simon (18 April 2017). "Bingo Industries float windfall for Tartak family". Australian Financial Review. Retrieved 3 November 2018.
- ^ "Household Rubbish Removal & Garage Clean Out Solutions". Retrieved 5 November 2023.
- ^ "Bingo Industries Limited - Profile Company Report Australia". Ibis World. 30 June 2018. Retrieved 3 November 2018.
- ^ Cummins, Carolyn (13 April 2017). "Trashy float set to fill pockets". Sydney Morning Herald. Retrieved 3 November 2018.
- ^ "Bingo Industries to acquire Dial A Dump Industries". Waste Management Review. 21 August 2018. Retrieved 3 November 2018.
- ^ "BINGO receives green light from ACCC for Dial a Dump acquisition - Waste Management Review BINGO receives green light from ACCC for Dial a Dump acquisition". 27 February 2019.
- ^ Macquarie takeover boosts Bingo but ASX falls on mixed US leads ABC News 27 April 2021
- ^ "Former Bingo CEO pleads guilty after skip bin cartel probe". Australian Financial Review. 20 October 2022. Retrieved 20 October 2022.
