Who Owns Cleanaway Company?

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Who owns Cleanaway?

Understanding Cleanaway's ownership is key to grasping its strategy and market sway. A notable change was its rebranding from Transpacific Industries Group Ltd. to Cleanaway Waste Management Limited in February 2016.

Founded in 1979 by Brambles, Cleanaway is Australia's largest waste management firm. It offers a full suite of services, from collection to disposal, serving various sectors with a focus on sustainability and resource recovery.

As of July 18, 2025, Cleanaway's market capitalization stands at $4.18 billion, with 2.23 billion shares outstanding. Its revenue for the twelve months ending December 31, 2024, was $2.48 billion. The company employs over 7,900 people across more than 330 locations, operating a fleet of over 6,350 vehicles, solidifying its leading position in the Australian waste sector. For a deeper dive into its market dynamics, consider a Cleanaway Porter's Five Forces Analysis.

The origins of Cleanaway trace back to 1979 when Brambles, a significant Australian logistics and equipment rental firm, established the company. Brambles had entered the waste management sector in 1970 by acquiring Purle Group's Australian waste services, later rebranding them as Cleanaway. Specific details on individual founder equity splits are not publicly available, as Brambles was the corporate founder.

Corporate Founding

Cleanaway was initially founded by Brambles, a large Australian logistics company. This corporate founding means there were no individual founders in the traditional sense with personal equity stakes at inception.

Early Expansion

During the 1990s, Cleanaway, under Brambles' ownership, expanded its operations into Europe. This included acquisitions in countries like the Netherlands, Germany, and the United Kingdom, indicating a strategic growth phase.

Private Equity Acquisition

In June 2006, a significant shift in Cleanaway ownership occurred when Brambles sold the company to KKR, a prominent private equity firm. This marked the end of Brambles' direct ownership.

Acquisition by Transpacific

KKR subsequently sold Cleanaway in May 2007 to Transpacific Industries. Transpacific Industries, established in 1987, had a history of growth through both organic expansion and strategic acquisitions.

Integrated Operations

For a decade following the acquisition, the combined entity operated under both the Transpacific Industries and Cleanaway names. This period saw the integration of their respective waste management services and operations.

Lack of Founder Disputes

Given Cleanaway's corporate founding by Brambles, there is no public information detailing early ownership disputes among individual founders, nor are there specifics on initial agreements like vesting schedules or buy-sell clauses.

The early ownership of Cleanaway was intrinsically linked to Brambles, a major Australian logistics firm. Brambles' strategic decision to enter the waste management sector in 1970, through the acquisition of Purle Group's Australian waste services, laid the groundwork for what would become Cleanaway in 1979. This corporate foundation meant that initial ownership was part of Brambles' broader portfolio, with no individual founders holding personal equity stakes. The company's expansion into Europe during the 1990s, encompassing acquisitions in the Netherlands, Germany, and the United Kingdom, demonstrated a clear vision for growth under Brambles' stewardship. This period of expansion is a key part of the Growth Strategy of Cleanaway. However, this era of ownership concluded in June 2006 when Brambles divested Cleanaway to KKR, a private equity firm. The subsequent year, May 2007, saw KKR sell Cleanaway to Transpacific Industries, a company formed in 1987 that had grown significantly through both organic development and strategic acquisitions. The combined entity continued to operate under both the Transpacific Industries and Cleanaway brands for approximately ten years. Information regarding specific early agreements such as vesting schedules, buy-sell clauses, or any initial ownership disputes among individual founders is not publicly available, primarily due to its corporate inception.

Key Ownership Transitions

Cleanaway's ownership journey began with Brambles, followed by significant transitions to private equity and then to Transpacific Industries. These changes reflect evolving market dynamics and corporate strategies.

• Founded by Brambles in 1979.
• Acquired by KKR in June 2006.
• Sold by KKR to Transpacific Industries in May 2007.
• Transpacific Industries grew significantly through acquisitions.

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The ownership journey of Cleanaway Waste Management Limited, previously known as Transpacific Industries Group Ltd., has seen significant shifts, including its public listing on the Australian Stock Exchange in 2005 and a rebranding to Cleanaway in 2016. These changes, alongside strategic acquisitions, have shaped its current corporate structure and stakeholder landscape.

Cleanaway's ownership has been influenced by several key transactions. Brambles sold the company to KKR in 2006, followed by KKR's sale to Transpacific Industries in 2007. More recent strategic moves include the acquisition of Tox Free Solutions in May 2018, SKM Recycling Group assets in 2019 for $66 million, and Citywide Service Solutions' waste and recycling business for AUD 110 million on July 1, 2025. The company also agreed to acquire Contract Resources Pty. Ltd. in March 2025, further solidifying its market position and expanding its operational capabilities.

Understanding Cleanaway's Corporate Ownership

Cleanaway Waste Management Limited is a publicly traded entity on the Australian Stock Exchange, meaning its ownership is distributed among various shareholders. The company's structure reflects a blend of institutional and potentially individual investors, with significant holdings by major financial institutions.

• Cleanaway is publicly traded on the ASX.
• Major institutional shareholders include HSBC Custody Nominees and J P Morgan Nominees.
• The company has undergone ownership changes through sales and acquisitions.
• Strategic acquisitions continue to shape Cleanaway's market presence and ownership dynamics.
• Understanding Revenue Streams & Business Model of Cleanaway provides context to its operational scale and financial health.

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The governance of Cleanaway Waste Management Limited is overseen by its Board of Directors. As of July 23, 2025, the board includes Philippe Etienne as the Independent Non-Executive Chairman and Mark Schubert as the CEO, Managing Director, and Director. The board also comprises Independent Non-Executive Directors Samantha Hogg, Jackie McArthur, Ingrid Player, Robert James Cole, Michael Kelly, and Clive Stiff.

Cleanaway operates under a 'one-share-one-vote' system for its ordinary shares. This means that for resolutions decided by poll at general meetings, each shareholder has one vote for every fully paid ordinary share they hold. Preference shareholders gain voting rights under specific conditions, such as when dividend payments are overdue, or when proposals affect their share rights or involve capital reductions. The company's constitution also details voting restrictions for key management personnel and their associates on remuneration-related matters. There is no indication of dual-class shares or other structures that would grant disproportionate voting power to certain shareholders, which is a key aspect of understanding Cleanaway ownership.

Understanding Voting Power

Voting rights at general meetings are structured to ensure fairness among ordinary shareholders. Shareholders can cast their votes by proxy, often submitted in advance.

• One vote per ordinary share on a poll.
• Preference shareholders have conditional voting rights.
• Proxies can be appointed to vote on behalf of shareholders.
• The Chairman manages the poll process.

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Recent developments indicate a strategic expansion for Cleanaway, focusing on enhancing its market presence and operational capabilities. The company has been actively involved in acquisitions and internal investments to strengthen its position in the waste management sector.

These moves reflect a broader industry trend toward consolidation, with Cleanaway actively pursuing opportunities to improve its infrastructure and processing capacity. The company's commitment to its Blueprint 2030 strategy underpins these growth initiatives, aiming for sustainable development and operational excellence.

Major Institutional Shareholders

Key institutional investors like HSBC Custody Nominees (Australia) Limited and J P Morgan Nominees Australia Pty Limited hold significant stakes. Other substantial shareholders include United Super Pty Ltd and State Street Corporation.

Strategic Funding and Capital Management

In August 2022, a fully underwritten institutional placement of $350 million and a $50 million share purchase plan were executed. These capital raises supported the Blueprint 2030 strategy and the acquisition of Global Renewables Holdings Pty Ltd.

Board and Leadership Updates

Rob Cole joined as an independent Non-Executive Director in March 2024. Terry Sinclair retired from the Board in April 2024, marking a transition in board composition.

Future Financial Reporting

The company's financial results for the full year ending June 30, 2025, are scheduled for release on August 20, 2025. Investors anticipate insights into the impact of recent strategic moves and ongoing operational performance.

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