Re Sustainability Expands Reach with G3 Environmental Acquisition
Deal News | Nov 14, 2024 | PR Newswire Cision Re Sustainability International
Re Sustainability International, a subsidiary of Re Sustainability Limited and one of Asia's leading environmental and sustainability services providers, has announced its acquisition of G3 Environmental Private Limited. This strategic move is aimed at strengthening Re Sustainability's presence in the industrial and commercial waste management sector, particularly in Singapore. G3 Environmental, which encompasses effective operations like Tee Environmental, Tee Recycling, and Envotek Engineering, boasts a robust client base and over 20 years of industry experience. Notably, 98% of G3 Environmental’s sales stem from repeat customers, highlighting their brand loyalty and customer-centric approach. Re Sustainability views this acquisition as an opportunity to expand its comprehensive suite of environment management solutions across the region. The acquisition aligns with Re Sustainability's broader vision of providing innovative, integrated solutions that not only address industry needs but also contribute to a greener, more sustainable Asia. Managing Director & CEO Masood Mallick emphasized the importance of G3’s experienced management team, whose deep industry expertise will augment Re Sustainability’s capabilities in waste management, recycling, sustainability engineering, and infrastructure solutions. The acquisition is also seen as a significant opportunity for G3 Environmental. As part of Re Sustainability, G3 will gain access to additional resources and support, allowing it to further its impact within the industry. Moving forward, Re Sustainability remains committed to advancing the circular economy and sustainable practices across its operations that span numerous countries, including India, Singapore, and several Middle Eastern nations.
Sectors
- Environmental Services
- Waste Management
Geography
- Singapore – The acquisition targets G3 Environmental, a Singaporean company, thereby impacting the region.
- Asia – Re Sustainability aims to bolster its market presence across Asia with this acquisition.
Industry
- Environmental Services – The article discusses companies that provide environmental management and sustainability services.
- Waste Management – The focus is on the acquisition of a waste management company, G3 Environmental, by Re Sustainability.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Re Sustainability International | Acquirer | Company | A subsidiary of Re Sustainability Limited, involved in acquiring G3 Environmental. |
| G3 Environmental Private Limited | Target Company | Company | A leading industrial and commercial waste management company in Singapore, acquired by Re Sustainability. |
| Masood Mallick | Managing Director & CEO | Person | CEO of Re Sustainability, responsible for overseeing the acquisition. |
| Lim Chin Khuang | Managing Director | Person | Managing Director of G3 Environmental, involved in the acquisition. |
| Re Sustainability Limited | Parent Company | Company | Parent company of Re Sustainability International, driving the acquisition strategy. |