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20th August 2012

Waco International, the holding company of Premier Interlink (Waco UK Ltd), is sold to Ethos Consortium in South Africa.

Waco International, the holding company of Premier Interlink (Waco UK Ltd), is sold to Ethos Consortium in South Africa.

Waco International Limited have announced the sale of the Waco group to a consortium led by Ethos Private Equity (operating in South Africa), including Standard Bank and FirstRand Group, for an undisclosed sum.

Waco International is the ultimate holding company of Premier Interlink (Waco UK Ltd) who have been doing business in the UK for the last 60 years.  Premier Interlink is a notable provider of buildings into the Education, Healthcare, Retail, Custodial, Construction, Residential, Defence and Hotel & Leisure market sectors.

 

Waco is a leading industrial services business in South Africa, Australasia and the UK, providing forming, shoring and scaffolding services, as well as relocatable and permanent modular buildings, and sanitation solutions and have been private equity-owned since 2000. This latest transaction follows the successful sale in 2011 of the group’s Australasian relocatable modular building business, Ausco Modular.

 

The Waco group comprises: Waco Africa (with four divisions: Form-Scaff, SGB-Cape, Sanitech, and Abacus Space Solutions); Waco UK; Waco Kwikform (Australia), and Form-Scaff Chile. Other key shareholders in the consortium are management, RMB Ventures (a mid-market South African private equity firm within the FirstRand Group in South Africa), and Standard Bank (the largest African bank by assets and earnings operating in 18 countries).

 

Stephen Goodburn (Waco International CEO) stated that,

 

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Premier Modular Limited

Catfoss Lane, Brandesburton, East Yorkshire, YO25 8EJ

Registered in England and Wales No 2487565

0800 316 0888
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